Cleary Gottlieb Celebrated at 2019 LatinFinance Project & Infrastructure Finance Awards
October 7, 2019
Cleary Gottlieb has been lauded by LatinFinance at the 2019 Project & Infrastructure Finance Awards, winning Infrastructure Financing of the Year (Caribbean) for its work on the financing for the Caucedo Port Terminal in the Dominican Republic.
LatinFinance noted that the operators of the terminal, Dubai-based DP World, “took a major step” in helping the port to become a strategic shipping hub for markets in the Caribbean, as well as Central and South America, when it obtained a $285 million senior secured credit facility to restructure $150 million in existing debt, while also embarking on a significant expansion.
The expansion will broaden the port’s berth by 400 meters, and equipment purchases totaling $80 million, including additional cranes and other equipment to move shipping containers, will allow Caucedo to handle more than two million containers a year, compared with the current 1.4 million.
To read more about LatinFinance’s 2019 Project & Infrastructure Finance Awards, click here.