Completion of Refinancing

December 19, 2011

ABP FINANCE PLC

16 December 2011
  
For Immediate Release
 
ABP FINANCE PLC
  
£500,000,000 6.25 per cent. Fixed Rate Senior Secured Notes due 2026(ISIN: XS0718981995)(the “Notes”) issued under a £5,000,000,000 Multicurrency Note Issuance Programme
 
Completion of Refinancing
 
ABP Finance Plc hereby announces that the Associated British Ports group has today completed the refinancing of its Existing Indebtedness as envisaged in its Prospectus dated 25 November 2011 (the “Prospectus”).
 
ABP Acquisitions UK Limited has drawn on the Initial Senior Term Facilities from a group of 11 banks, including loans of £850 million due December 2014, £325 million due December 2016 and £225 million due December 2018. In addition, the group has access to the Initial Capex Facility, the Initial WC Facility and the two Liquidity Facilities. Combined with the net proceeds of the Notes and junior debt provided by the ABP group’s shareholders, all amounts drawn under the Acquisition Facilities Agreements have been fully prepaid.
 
As a result, there will be no Special Redemption of the Notes.
 
Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Prospectus.
 
 - END -
  
For further information, please contact:
 
Sebastian Bull
Chief Financial Officer
ABP Finance Plc
Telephone: +44 (0)20 7430 1177
 
 
 
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.
 
Completion of Refinancing