Buquebus

active

 The proposed investment is a partial credit guarantee (“PCG”) covering a senior secured corporate loan (the “Covered Loan”) to be provided by Banco Santander (Uruguay), S.A. (“Santander”) to finance the acquisition of the world’s largest passenger electric ferry (the “Project”). The Project will be owned and operated by Los Cipreses S.A. (the “Company” or “Buquebus”), a Uruguayan passenger and vehicle river transport company operating in the Rio de la Plata area between Uruguay and Argentina under the “Buquebus” commercial name. IFC will help structure this financing as a blue loan, which would make this landmark transaction as the first blue loan in Uruguay.