ICTSI raising more cash

Manila: Terminal operator International Container Terminal Services Inc (ICTSI) will issue additional $75 million in debt papers from a subsidiary’s $1bn medium-term note program to partially fund its capital expenditures this year.  ICTSI has a capex this year of around $310m to develop terminals in Mexico and Argentina as well as Honduras and Congo.

In August last year the firm announced that it has increased its existing facility by a third to $1bn from $750m.  [28/04/14]

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