TozziniFreire, Norton Rose Fulbright, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction
Itapoá Terminais Portuários S.A. secured a $38.9 Million Loan from IDB Invest.
Proceeds will be used to finance the project, under implementation of Itapoá Terminais Portuários S.A, of an expansion on the capacity of the quay and storage yard of the Itapoá Container Port, located in Santa Catarina, Brazil.
The current Itapoá port has been operating above its capacity for the last two years and the expansion will allow it to adequate to the current market conditions and more efficiently serve the region.
The project includes the following:
• Yard expansion from 146k sqm to 296k sqm.
• Wharf adequacy from 630m to 800m, in order to receive two ships at the same time
• Container handling capacity increase from ~510,000 to ~1.2 mm TEUs
The financing from the IDB Group will consist of either one or two A Loans for an aggregate amount of up to one hundred and fifty million Brazilian Reais (RS$ 150,000,000), each to be funded by IDB Invest and/or the IDB.
TozziniFreire advised Porto Itapoá Terminais Portuários S.A. with Fabíola Augusta Cavalcanti, Lara Gomes de Araújo Rocha and Gabriel Arenázio.
Norton Rose Fulbright advised Porto Itapoá Terminais Portuários S.A. with Michael McCourt, Diego Brandao and Rodrigo Prado.
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised IDB Invest with Pablo Sorj, Bernardo Môcho and Ricardo Crispim.
Involved fees earner: Ricardo Crispim Leite – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bernardo Môcho Moura – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pablo Sorj – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Diego Brandao – Norton Rose Fulbright; Michael McCourt – Norton Rose Fulbright; Fabiola Augusta Cavalcanti – Tozzini Freire ;