Press Release 24.09.2015

Impala terminals signs USD350 million asset-backed credit facility to fund fluvial equipment in Colombia

Impala Terminals has successfully signed a USD350 million asset-backed credit facility to refinance the purchase of vessels that will be part of a major multi-modal logistics operation along the Magdalena river, Colombia. The multimodal transport system which will also utilize road and rail links, is due to be fully operational early next year.


The Facility was well received by the syndicate of twelve banks and was oversubscribed. The Facility has two tranches, five and seven-year, for USD150 million and USD200 million respectively. The loan was arranged by Joint Bookrunners SMBC and Credit Agricole, with ICBC acting as Senior Mandated Lead Arranger before general syndication. 


The Facility received interest worldwide with commitments from Asian banks (Korean Development Bank, SMTB and Bank of China), European Banks (ABN Amro and Sabadell), US Banks (Apple Bank and International Finance Bank) and Latam Banks (Bladex and Banco de Credito der Peru). 


The syndication highlighted the strong name of Trafigura group in the banking market, and we are equally pleased to have also added new banks to our banking pool. Following this success, we are now exploring finance opportunities for our working capital requirements to finance the volumes of oil and naphtha being moved in early operations,” said Stephan Jansma, Head of Structured Trade Finance and Trade Finance for Trafigura.