TERMINAL GIANT PORTS AMERICA REFINANCES DEBT

摘要

U.S. terminal operator Ports America announced it refinanced the debt of both Ports America, Inc. and MTC Holdings into a single, unified capital structure. "This financing consolidates the separate legacy credit facilitates of MTC and PAI into one integrated financing and provides for a long-term capital structure that will give the company the flexibility and runway to continue to be successful," said Kevin Brown, Ports America s chief financial officer. The refinancing consisted of a new 5-year, $475-million senior secured credit facility, the company said, including $170 million of revolving credit and letters of credit, and new 7-year, $375-million Holdco financing.