Global Infrastructure Partners (GIP) has announced that its credit funds, Global Infrastructure Partners Capital Solutions Funds I and II (GIP CAPS) closed on a $110 million secured holding company term loan investment in Puerto Antioquia Holdings.
Puerto Antioquia is a greenfield multipurpose port terminal to be strategically located in the northern coast of Antioquia, Colombia. Astris Finance, financial adviser to the sponsors, has coordinated project development and financing. The project is owned by a consortium consisting of CMA Terminal Holdings, the port operations arm of CMA CGM, the third-largest shipping line in the world; Eiffage, a top-tier construction company; Puertos Inversiones y Obras, an experienced Colombian port owner and operator; and a private consortium of banana producers and exporters, known as the sponsors.
Proceeds from the GIP CAPS’ holding company investment, together with senior debt provided by a group of multilateral banks and equity c
