Terminal Investment Limited (TiL), the global port operator backed by shipping magnate Gianluigi Aponte, has raised $2.5bn via a multi-tranche private placement, according to a report by Bloomberg.
The issuance, split across seven-, 10-, 12-, and 20-year tenors in both USD and EUR, represents one of the largest private debt raises year-to-date, according to sources familiar with the deal.
Citigroup and Mizuho acted as placement agents. Proceeds will support TiL’s ongoing expansion and potential M&A activity, including its joint bid with BlackRock for CK Hutchison’s $22.8bn global ports portfolio.
TiL is majority-owned by Aponte’s MSC Group, with minority stakes held by GIP and GIC.
