Home / 2016 / September / October 2016 / AWARDS: Best Port Financing.

AWARDS: Best Port Financing.

AWARDS: Best Port Financing.

September 9, 2016

Corporate & Sovereign Strategy Loans Mexico

Low oil and metal prices have hit Latin America’s export-heavy economies over the last year and made port-related financings tough to structure. Philippines-headquartered International Container Terminals Services Inc. (ICTSI), however, found appetite among multilateral and commercial lenders, helping the company grow beyond the Asia-Pacific with a facility on Mexico’s Pacific coast. ICTSI structured a risk-free brownfield financing: it leveraged revenues that the port already generates to fund Manzanillo’s expansion. With a secure revenue stream in place, ICTSI drew commitments from the Inter-American Development Bank, the International Finance Corporation (IFC), Germany’s KfW IPEX-Bank and

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