News
LBC Tank Terminals

LBC Tank Terminals completes the offering of U.S. $350 million Senior Notes due 2023 and the refinancing of existing credit facilities

22 May 2013

LBC recently completed the refinancing of its existing debt facilities through raising new senior secured credit facilities of $396 million with a maturity in 2020 and issuing $350 million 6.875% senior notes due 2023. The new credit facilities include an undrawn $100 million multi-currency capex facility which will provide LBC an important source of capital to fund its expansion plans at its existing sites.

All mandated lead arrangers on the credit facilities were BNP Paribas SA/NV, Crédit Agricole Corporate & Investment Bank, DNB Bank ASA, ING Belgium SA/NV, and Royal Bank of Canada.

The mandated lead arrangers acted as joint bookrunners on the senior notes and RBC Capital Markets acted as LBC’s financial advisor on the refinancing and left lead bookrunner on the senior notes offering.

Important Information

These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Notes and the related Guarantees have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to U.S. persons unless the Notes are registered under the Securities Act or pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

This document is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities offered are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

LBC Tank Terminals

LBC Tank Terminals is one of the largest independent operators of bulk liquid storage terminals and the second largest independent chemical storage company in terms of global storage capacity. LBC Tank Terminals currently manages a substantial network of port terminals with a combined storage capacity of approximately 2.8 million m3 at key locations in the USA, China and along the European coastline in the Netherlands, Belgium, France, Spain and Portugal.

www.lbctt.com


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