FBPH represents DFC in $150m credit line to YILPORTECU
Flor Bustamante Pizarro & Hurtado has represented United States International Development Finance Corporation (DFC) in the granting of a $150 million secured credit facility to YILPORT TERMINAL OPERATIONS (YILPORTECU), concessionaire of the Puerto Bolivar Port Terminal, located in southern Ecuador.
The loan will be used to finance the design, equipment, complementary works, operation and maintenance of the port, according to the Public-Private Partnership Contract signed with the Ecuadorian government in 2016. This financing will allow the modernisation and expansion of this deepwater port, following global standards.
Milbank has acted as international advisor to DFC.
FBPH’s team was led by senior partner Mario Flor (pictured), with support from partners Jose Cisneros and Agustin Hurtado, and senior associates Alejandra Soriano and Alejandro Perez.
