BLP has advised IDB Invest on its senior loan for up to US$25 million to American Industrial Park S.A. de C.V. (AIP). AIP, is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It currently manages more than 200,000 m2 of industrial space, housing 26 companies that employ more than 12,000 people. Part of AIP’s business line is power generation, which it uses both for self- consumption and for sale to the domestic grid. This ensures that AIP conducts a cleaner operation for both its own and its customers’ activities, contributing to the diversification of the energy matrix in El Salvador. The proposed financing involves two main objectives: the first consists of the construction of new industrial infrastructure in the Group’s new Orion Industrial Park as a free trade zone, to attract and expand Foreign Direct Investment (FDI) in the country. The second objective is to install solar panels on the roofs of the industrial park to meet internal demand, generating at least 7,750 MW/h of clean energy per year.
This is a high value, complex deal of great importance to the sector.
The transaction was led by Mariana Nochez and Pablo Umaña. Associate Jose Gochez was also part of the team.
Closing date: December 2021
For additional information on this deal please contact Monica Malcotti directly.
