This financing package not only refinances the debt of Antwerp Gateway with an attractively priced long-dated private placement facility, but it also includes a bank facility to support the terminal's capacity expansion plan.
With these facilities in place, the joint venture has secured funding to increase the capacity of the terminal in line with growing market demand. The transaction represents the first European terminal asset to price in the private market since the outbreak of Covid DP World manages and operates the terminal under a year concession granted by the Antwerp Port Authority, and which expires in December The Port of Antwerp is the second-largest container terminal in Europe, with Antwerp Gateway serving a wide catchment area that includes Belgium, the Netherlands, Germany and France.
Antwerp Gateway currently boasts a capacity of 2. Already operating at a high utilisation rate, the terminal has initiated a seven-year expansion plan to increase capacity through increased equipment automation and container stacking height. The excellent terms and structuring reflect the Institution's positive view of Antwerp Gateway as both an asset and an investment. This issuance will enable us to increase capacity to serve customers better and further improve efficiency across the terminal.
The finance package was secured following an A- investment-grade rating from a major rating agency, a testament to Antwerp Gateway's robust underlying business and conservative debt structure. We are the leading provider of smart logistics solutions, enabling the flow of trade across the globe.
Our comprehensive range of products and services covers every link of the integrated supply chain — from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. We deliver these services through an interconnected global network of business units in 54 countries across seven continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.
