ABP FINANCE PLC - Signature of Loan Agreement with European Investment Bank and full refinancing of £850m bank loan facility due December 2014
5th July 2013
ABP Finance Plc announces that ABP Acquisitions UK Limited, a fellow subsidiary of ABPA Holdings Limited, has today signed a £70m loan agreement with the European Investment Bank. Proceeds from the loan will be used to fund part of the costs of the further development of the container terminal at the Port of Southampton.
Furthermore, ABPA has also completed the early refinancing of its £850m bank term loan facility due December 2014. Further information is available for viewing on the investor relations section of the Group's website.
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For further information, please contact Nathan Dunton, Group Treasurer:
Investor Relations Associated British Ports