RAD advises Monte Azul on $36.3m financing
Rebaza Alcázar & De las Casas has advised Monte Azul on the USD $36.3 million financing granted by the Inter-American Finance Bank-BanBif for the Mollendo terminal expansion project.
The funds will be used for the expansion project of the hydrocarbon maritime terminal located in Mollendo, Arequipa. The project comprises the construction, development and commissioning of a new area and infrastructure for the reception, storage and dispatch of hydrocarbons that Monte Azul provides to third parties.
The operation is backed by a cash flow trust as a guarantee, administered by TMF Peru as trustee, and whose flows will come from a contract with a strategic user for the new terminal expansion area. The closing and disbursement of the financing took place at the end of September.
Monte Azul is a Peruvian group that has diversified investments in the warehousing and logistics business and operates the liquid fuels storage terminal, which is the first and only independent terminal to operate in the country since 2022.
BanBif is a commercial bank operating 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 ‘Corporate Banking’ segment.
Vania Góngora, Mijail Valera and Elva Ramos acted as in-house advisors to BanBif; while Jorge Aguilar Ratto advised Monte Azul in-house.
RAD’s team included partner Luis Miguel Elías (pictured), senior associates Fiorella Wismann and Josefina Arana, and associate Alicia La Cruz.
