Port of Buenaventura Terminal Expansion

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"This project involves expanding a terminal in the Port of Buenaventura, located in Buenaventura, Valle del Cauca, Colombia. As Colombia's only port on the Pacific coast, the Aguadulce terminal specializes in exporting coffee and sugar. The sponsors for this initiative are Philippine International Container Terminal Services (ICTSI) and Singaporean PSA International. The total financing secured by the sponsors amounts to $304 million, including a $100 million cash-out for the sponsors' investment in the terminal’s Phase 1 development, which was entirely equity-funded. The lenders involved in the deal are BBVA, Santander, Scotiabank, Industrial and Commercial Bank of China (ICBC), and ING. The financial close date was February 2024. " IJ Global: Colombia port deal formally closes ; https://thelatinamericanlawyer.com/clifford-chance-advises-on-port-aguadulce-expansion-financing/ IJ Global: Colombia port deal formally closes ; https://thelatinamericanlawyer.com/clifford-chance-advises-on-port-aguadulce-expansion-financing/