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Prumo Logistica Closes $350 Million Financing for Oil Transshipment Terminal

December 28, 2016

SAO PAULO – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Prumo Logistica, a Brazilian port operator, on an 18-year, $350 million non-recourse financing with The Overseas Private Investment Corporation (OPIC). The non-recourse debt facility will enable the development of an oil transshipment terminal at the Acu Port in the state of Rio de Janeiro. The project company, Açu Petróleo S.A., has entered into a long-term agreement with BG Brasil to transfer oil from ship to ship, which will subsequently be delivered worldwide.

OPIC acted as sole mandated lead arranger and lender on the transaction, which marks the agency’s second largest financing in Latin America to date.

The Paul Hastings team was led by Project Finance partners

 in Sao Paulo and in New York, and included associates and Inho Ko.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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