PD Ports, with CIBC acting as Coordinator, has announced the successful refinancing of the Company’s senior debt facilities.
PD Ports has raised a total debt quantum of £710m to refinance its existing debt facilities and support its business growth in the coming years. The 5-year facilities comprise of a term facility, capex facility and RCF and have been provided by a syndicate of international banks active in the infrastructure sector. Despite the challenging macroeconomic backdrop, PD Ports continues to demonstrate resiliency in its trading performance which is underpinned by a highly diversified business model.
In addition to CIBC acting as Coordinator, Hogan Lovells advised PD Ports, while Linklaters advised the lenders
