Port Finance International Events - covering global port developments

Search site

RSS
Monday, 07 October 2013

DP World’s Callao refinanced

DP World’s Callao container terminal in Peru has been refinanced, a bank told Port Finance International today.

The $350 million DP World Callao S.R.L. financing closed on October 2nd. It is 5-year facility that refinances the existing loan on DP World’s Callao terminal.

The MLA (mandated lead arranger) bank group consists of 7 banks: Citibank, Deutsche Bank, DNB Bank, HSBC, KfW IPEX-Bank, Samba Financial Group, and Standard Chartered. DNB Bank acted as documentation and facility agent.

DP World started operations in Callao, near Lima, in May 2010. The container terminal features a 650m long quay that can accommodate 16m draughts. Its yard spreads over 21.5 hectares. Equipped with six Post-Panamax cranes and 18 rubber-tyred gantry cranes (RTGs), the terminal has the capacity to handle 850,000 TEUs annually.

DP World has plans to expand the terminal by adding 310 metres of berths, three Post-Panamax cranes and nine RTGs.

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter