Becker Glynn represents International Finance Corporation and Corporación Andina de Fomento in Financing of Refurbishment of Container Terminal inside Colombia’s Third Largest Port

The Firm served as international transaction counsel to International Finance Corporation (IFC), the private sector arm of the World Bank Group, and Corporación Andina de Fomento (CAF), in connection with a $33,500,000 long-term financing to Santa Marta International Terminal Company S.A. (SMITCO) that was concluded in April 2010, for the refurbishment of a container terminal inside the Port of Santa Marta. The Port of Santa Marta is located on the Caribbean coast and is Colombia’s third largest port.

The Firm’s representation of IFC and CAF included advice and assistance during negotiations, drafting of the loan agreements and related security documentation for each lender and coordinating closing of the transaction with the lenders’ counsel based in Colombia.