Global Ports Holding Plc, the world’s biggest operator of cruise terminals, saw its dollar bonds from subsidiary Global Liman Isletmeleri As climb to the highest since February 2020 after the company secured a new refinancing deal. Global Ports agreed on a 5Y secured senior loan with an undisclosed investor to redeem its dollar bonds in turn for a potential future stake in the company. This comes after talks between the company and creditors to extend the maturity. Goldman Sachs Group Inc. is one of the major bondholders of Global Ports, according to Bloomberg.

Global Liman’s USD 8.125% bonds due November this year jumped to 98.75 from 91 on the news on Monday.

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