Published on 5/18/2021 in the Prospect News Emerging Markets Daily.
New Issue: LimakPort concludes $370 million sale of 9½% senior notes due 2036
By Devika Patel
Knoxville, Tenn., May 18 – Limak Iskenderun Uluslararasi Liman Isletmeciligi AS (LimakPort) sold $370 million of 9½% senior secured notes due 2036 (BB-), according to a press release.
UBS AG, London Branch and Merrill Lynch International were managers of the deal.
LimakPort is a port operator based in Iskenderun, Turkey.
Issuer: | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS
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Issue: | Senior secured notes
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Amount: | $370 million
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Bookrunners: | UBS AG, London Branch and Merrill Lynch International
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Maturity: | 2036
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Coupon: | 9½%
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Settlement date: | May 18
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Rating: | Fitch: BB-
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