Norton Rose Fulbright represents lenders on US$265m of loans for Kingston Container Terminal

Business November 11, 2016

Lawyers in Norton Rose Fulbright's Washington, DC and New York offices advised IDB (Inter-American Development Bank), Proparco (the private sector financing arm of Agence Française de Développement), DEG (Deutsche Investitions - und Entwicklungsgesellschaft), FMO (the Dutch development bank) and commercial B lenders on US$265m of loans to Kingston Freeport Terminal LTD (KFTL).

With a total project cost of US$452m, KFTL is positioned to become one of the top trans-shipment platforms in the Caribbean. With the recent widening of the Panama Canal, its optimal location at the exit of the canal as well as its increased capacity, KFTL will have the ability to offer trans-shipment services to the larger capacity vessels.

Jeffrey Goodman (Washington, DC) led the deal team consisting of Michael Pikiel (New York), Amala Nath (Washington, DC), Mauricio Posadas (Washington, DC) Melissa Boudreau (Washington, DC) and Steven Towell (Washington, DC).