Large Container Terminal raises USD $550 Million from Global Private Equity Partners.
The International Container Terminal Operator has raised $550 Million financing from Global Private Equity Partners, setting the stage for other Subsidiary Companies of the Group to tap the capital market through the services offered by Global Private Equity Partners.
The loan proceeds will be used to refinance the existing debt and to finalize new investments. The International Container Terminal Operator is one of the largest Container Terminal Operators in the World, majority owned by one of the largest Container Shipping lines.
The ten-year funding is based on a fixed Interest Rate of 3 per cent.
The flagship Container Terminal is designed to handle over 3.1 million twenty-foot equivalent units (TEUs) annually, from a quay length of 1,460 meters and a draft of 17.5 meters, capable of handling the largest container ships operating in the World.
This makes the Terminal a prime destination for transshipment cargo together with the strategic location.
“Our relationship with Global Private Equity Partners is very important to us and holds the key to our strategy for making the Container hub for the region as our flagship terminal,” said CEO of the International Container Terminal.
