Tuxpan terminal ties up new loan

Tuxpan terminal ties up new loan

Loans Project & Infrastructure Finance Debt Energy Gas Mexico US

Terminal Internacional de Fluidos de Tuxpan (TIFT), a joint venture between Mexico's Monterra Energy and the US port terminal operator SSA Marine, has secured a 12-year, $172m debt package for a refined fuels terminal in the state of Veracruz, said a source close to the deal. TIFT got a $160m club loan and a $12m letter of credit from BBVA, Citi and Société Générale to build the storage terminal for 2.2m barrels of liquid fuels at the Port of Tuxpan, the source said.The French oil company Total

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