White & Case advises Salaverry Terminal Internacional on refinancing of major port expansion in Peru

Global law firm White & Case LLP has advised Salaverry Terminal Internacional (STI) on the refinancing of existing project financing for the development, construction, maintenance and operation of the Salaverry Multipurpose Port, located in the department of La Libertad in the Republic of Peru.

The transaction has a value of US$115 million and was provided through a direct loan from IDB Invest and a private placement arranged by IDB Invest through its A/B bond program. The financing also represents the placement of a private bond with the longest tenor registered in Peru to date.

The White & Case team was led by partners Carlos Viana (Miami) and Thomas Pate (New York), and associates Ana Arias (Miami), Adrian Leal (Houston) and Jared Metzker (New York).

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