PSA Panama International Terminal

Expansion of the Rodman port in Panama

AMOUNT CONFIDENTIAL

Senior Secured Term Loan Facility

Sole Structuring Mandated Lead Arranger

May 2016

Senior Secured Term Loan Financing for PSA Panama International Terminal

6 May 2016

Clifford Capital and PSA International have reached financial close for the limited recourse financing of the Phase II expansion of PSA Panama International Terminal S.A.  Strategically located at the Pacific side of the Panama Canal, one of the world's key shipping lanes, the expanded terminal will be a key interchange point for East-West and North-South shipping routes. When completed, the terminal will be able to handle 2 million TEUs annually.

Clifford Capital structured and executed the financing as sole lead arranger, leading all aspects of due diligence and transaction structuring. This is the second transaction Clifford Capital executed with PSA International, the leading global port operator headquartered in Singapore, following Clifford Capital's anchor investor role in the Mersin International Port project bond issuance in Turkey.