DJ Result of Eurobond tender offer
Global Ports Holding PLC (GPH)
Result of Eurobond tender offer
19-Apr-2021 / 07:05 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Global Ports Holding Plc
Result of Eurobond tender offer
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
POSSESSIONS OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
Global Ports Holding Plc (GPH or the Group), the world's largest independent cruise port operator, today announces the
results of the tender offer made by its wholly owned subsidiary Global Liman Isletmeleri A.S. (the Offeror) for up to
USD75.0 million of its USD250,000,000 8.125% Senior Unsecured Notes due 2021 ("Notes").
The terms and conditions of the Offer are set forth in a tender offer memorandum originally dated 7 April 2021, as
supplemented by a tender offer memorandum supplement dated 14 April 2021 (collectively, the "Tender Offer Memorandum").
The Offer expired at 4:00 p.m. on 16 April 2021. Following the unmodified Dutch Auction procedure conducted in
connection with the Offer, the weighted average purchase price of the Notes validly tendered and accepted by the
Offeror was determined to be U.S.USD899.4 for each U.S.USD1,000 in principal amount of such Notes.
The total amount of cash used in connection with the Offer is U.S.USD44.7m excluding accrued interest on the Notes
validly tendered and accepted.
The settlement for Notes accepted for purchase by the Offeror is expected to be 19 April 2021. Following the completion
of the tender offer, U.S. USD200.3m of Notes will remain outstanding.
The Offeror and its subsidiaries, parent entities and stakeholders will continue to monitor the Offeror's financial and
liquidity positions and evaluate its options regarding its financing alternatives in relation to the Notes that remain
outstanding following settlement of the Offer.
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding, Company Secretary
Martin Brown Alison Chilcott
Email: martinb@globalportsholding.com Email: alisonc@globalportsholding.com -----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BD2ZT390
Category Code: MSCH
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 99734
EQS News ID: 1185957
End of Announcement EQS News Service
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(END) Dow Jones Newswires
April 19, 2021 02:05 ET (06:05 GMT)
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