Rebaza, Alcázar & De Las Casas advised Monte Azul Sur S.A.C. on the US$36.3 million financing granted by the Inter-American Bank of Finance – BanBif, destined for the expansion project of the maritime hydrocarbon terminal located in Mollendo, Arequipa. The aforementioned project includes the construction, development and start-up of a new area and infrastructure for the reception, storage and dispatch service of hydrocarbons that Monte Azul provides to third parties.
The operation is backed by a cash flow trust as collateral, administered by TMF Peru as trustee, and whose flows will come from a contract with a strategic user for the new expansion area of the terminal. The closing and disbursement of the financing occurred at the end of September.
Monte Azul is a Peruvian group that has diversified investments in the warehouse and logistics business and operates the liquid fuel storage terminal, which is the first and only independent terminal operating in the country since 2022.
BanBif is a commercial bank that operates in Peru and belongs to the Spanish group IF. This operation represents an important milestone for the bank, as it is the largest in its history in the “Business Banking” segment.