Medlog

completed

IFC is considering up to $75 million corporate loan (up to $37.5 million A Loan and mobilization of up to $37.5 million provided under IFC’s Managed Co-Lending Portfolio Program) to provide finance to MEDLOG S.A. (the “Company” or “MEDLOG”) to expand its logistics operations globally by (i) investing in hard assets (e.g. land, warehouses, trucks, etc.) and (ii) developing additional services (e.g. customs clearance, digitization, blockchain technology, etc.) as needed for its markets which are eligible under IFC’s financing (the “Project”). MEDLOG is the logistics arm of MSC Mediterranean Shipping Company SA (“MSC”) , a world leader in container shipping and logistics.  MEDLOG is a global inland transport and logistics provider with operations in 70 countries across all continents, and with over 12 million TEU handled per year. MEDLOG offers a variety of services to its customers, including to MSC’s entities. Services include: (i) transportation by truck, rail and barge; (ii) off-dock storage, including fully bonded storage facilities, customs procedures management, container stuffing and unstuffing, as well as pre-stacking and cross-docking operations; (iii) warehouses and distribution; (iv) depot yards, including maintenance and repair of containers; (v) contract logistics; (vi) customs clearance; (vii) project cargo, including handling breakbulk and out-of-gauge cargo; (viii) reefer services and refrigerated warehouses; (ix) ship consignment; and (x) collateral management (i.e., exclusive custody and physical control of commodities stored in MEDLOG or third-party warehouses). As of October 2020, MEDLOG assets globally include about 4,000 trucks, 7,000 trailers, 80 locomotives, 4,000 rail wagons, 20 barges, 150 depots with about 600,000 TEU storage capacity, 40 warehouses (including refrigerated warehouses), and 450 container lifting equipment. Services as rail freight operator (MEDWAY) are limited to three countries (Portugal, Spain and Italy) and wagons owned in six countries, including Russia and Turkey.  MEDLOG operates in various countries through MEDLOG’s affiliates and subsidiaries in which MEDLOG directly or indirectly holds shares (thereafter “MEDLOG’s Affiliates”) and that have been, often, incorporated in the specific country where the project is being undertaken.