Penta Tanks Terminals S.A.

Scope and Objective of the Project and IIC’s Participation: Penta Tanks is a company that develops and operates specialized terminals for receiving and dispatching liquid cargo. The company’s first terminal is located in a dock some 4 km outside Paita. There, Penta Tanks provides ethanol loading/unloading, storage, and shipping services under an exclusive 20-year export contract with “Maple Etanol S.R.L. (“Maple Etanol”). Maple Etanol’s daily production capacity is approximately 400,000 liters, most of which Penta Tanks is expected to export through its terminal facilities.

The objective of this IIC operation is to provide financing to Penta Tanks that will enable it to refinance a portion of the funding that was advanced by the developers company’s debt, provided in advance by the sponsor for the construction and commissioning of the terminal, which began operating in June 2012. The total cost of the project, including sales tax (Impuesto General a las Ventas – IGV), is expected to be US$13,403,279. The IIC’s exposure would be up to $3,750,000, which would be provided through a joint credit facility with the Corporación Interamericana para el Financiamiento de Infraestructura S.A., totaling up to US$8 million.

The sponsor, AIH, is a Peruvian business group with over 40 years’ experience in the port and logistics industry. The group encompasses 16 companies specializing in three main business lines: port and airport infrastructure, maritime services, and logistic services. The group’s main companies have maintained leading positions in their respective markets.