CTI Group I

completed

Established in 1990 as a cement and clinker trading company, CTI Group Inc. (CTI or the Group) now ranks among the largest specialized cement carrier fleet owners in the world. The Group’s activities cover all aspects of logistics for the specialized cement trade including trading, handling, and transport. The Group is embarking on an investment program that will renew and expand its fleet. The fleet renewal will help CTI reduce its operating costs (staffing and insurance), optimize its fleet structure and expand its transport operations. Over the next three years, the Group will need to fund vessel acquisitions & dry docking costs, and debt refinancing (the project). CTI plans to finance the project by a combination of IFC debt and equity, commercial debt, and cash from operations. The short term tenor of CTI’s existing debt is a constraint to the implementation of the Group’s vessel acquisition plan. CTI is looking to replace this existing shorter tenor debt with long-term financing that matches the long- term nature of its assets.