Home » Maritime, Ports/Terminals, Press Releases » ICTSI ups medium-term note program to $1B

The Suape Container Terminal in Pernambuco, Brazil, one of the ports managed by ICTSI. Photo from www.ictsi.com

International Container Terminal Services, Inc. recently approved an increase in the medium-term notes it intends to float to US$1 billion from $750 million.

The medium-term note program was launched to fund expansion and manage the global port operator’s debt portfolio.

The float will be issued by wholly-owned subsidiary ICTSI Treasury BV.

Citigroup Global Markets Limited and Credit Suisse Securities (Eutope) Limited were appointed dealers in the transaction.

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