Press Release
Contact: Amy Shipper+1 212-635-7755 amy.shipper@bnymellon.com
BNY Mellon Appointed Security Trustee, Account Bank and Paying Agent for Embraport's $786 Million Loan FacilityEmbraport named "2011 Transport Deal of the Year-Americas"
by Project Finance International
NEW YORK, January 4, 2012 - BNY Mellon has been appointed
U.S./Brazil security trustee and account bank and U.S. paying
agent by Embraport Empresa Brasileira de Terminals Portuarios
S.A. for its US$786 million loan facility, proceeds of which
are intended to finance the construction, operation and
maintenance of a private mixed-use container and liquids
terminal in Brazil's Port of Santos. The financing package
comprises the US$430 million syndicated financing of the
project by the Inter- American Development Bank, Caixa Geral,
HSBC, Santander and WestLB AG, and a loan of approximately
R$633.4 million provided by Caixa Economica Federal.
Embraport was named "2011 Transport Deal of the
Year-Americas" by Project Finance International
(PFI). The PFI Awards recognize excellence in global project
finance.
In its role, BNY Mellon Corporate Trust will provide a
variety of services for Embraport, including the maintenance
and handling of accounts in U.S. and Brazilian currencies,
performance of analytics and the disbursement and processing
of loan payments in Brazil and the U.S.
"We are well-positioned to support this award-winning
project, which capitalizes on the growing need for a port
terminal in a community increasingly engaged in global trade
activity," said Eric D. Kamback, CEO of BNY Mellon's
corporate trust business. "Our appointment on this loan
facility speaks to our experience in servicing complex
transactions and underscores the partnership we have with our
clients in the public finance marketplace, as well as our
ability to meet their diverse needs in multiple jurisdictions
through our unmatched global staff and capabilities."
Located in the Port of Santos, which is the largest port
complex in South America, Embraport will be the largest
multiple-use private port terminal in Brazil, with the
infrastructure to operate containers and liquid bulk
materials and facilities for the storage and handling of
materials.
BNY Mellon Corporate Trust services $11.9 trillion in
outstanding debt from 61 locations in 20 countries. Its
clients include governments and their agencies, multinational
corporations, financial institutions and other entities that
access the global debt capital markets. The corporate trust
business utilizes its global footprint and expertise to
deliver a full range of issuer and related investor services
and to develop customized and market-driven solutions. Its
range of core services includes debt trustee, paying agency,
escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations,
municipal governments and other entities issuing debt to
perform a variety of duties, including servicing and
maintaining the debt issue, processing principal and interest
payments for investors, representing investors in defaults,
and providing value- added services for complex debt
structures.
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
offering superior investment management and investment
services through a worldwide client-focused team. It has
$25.9 trillion in assets under custody and administration and
$1.2 trillion in assets under management, services $11.9
trillion in outstanding debt and processes global payments
averaging $1.6 trillion per day. BNY Mellon is the corporate
brand of The Bank of New York Mellon Corporation (NYSE: BK).
Additional information is available on www.bnymellon.com or
follow us on Twitter @BNYMellon.
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BNY Mellon Appointed Security Trustee, Account Bank and Paying Agent for Embraport's $786 Million Loan Facility |