OPIC TRANSACTIONS BY SECTOR

ENERGY, INFRASTRUCTURE AND TELECOMMUNICATIONS

  • Pan American Energy: Represented OPIC in connection with a $250 million OPIC-guaranteed debt facility to finance the expansion of oil development activities in Argentina.
  • Maritza III Power Plant: Represented OPIC in connection with a $200 million OPIC-guaranteed debt facility to finance the development of a 600 MW independent power generation facility in Bulgaria.
  • El Salvador Solar Power Plants: Represent the developer in connection with financing from OPIC of 8 photovoltaic solar power plants with an aggregate capacity of 22.56 MW across 4 different sites in El Salvador.
  • Tecnoguat Matanzas: Represented OPIC in connection with the debt restructuring of a 14 MW hydroelectric project in Guatemala.
  • Western Samoa Solar Power Plant: Represent the developer in connection with financing from OPIC of a 2.4 MW photovoltaic solar power plant in Western Samoa. OPIC’s first project in Western Samoa. OPIC’s first project in Western Samoa.

FACILITY CONSTRUCTION

  • Warehouse Facility: Represented the sponsor and borrower in connection with a loan from OPIC to finance the construction and operation of warehousing facilities in Argentina.
  • Braslo Produtos de Carne: Represented OPIC in connection with the financing of the construction and operation of a meat processing facility in Brazil.
  • Phyto-Riker Pharmaceuticals: Represented OPIC in connection with the financing of the privatization and expansion of a pharmaceutical distribution plant in Ghana, as well as the successful negotiation of the equity restructuring and sale of the OPIC loan.
  • LaGray Pharmaceutical: Represented OPIC in connection with the financing of the construction and operation of a pharmaceutical manufacturing facility in Ghana.
  • African-American Trading Company: Represented OPIC in connection with the financing of the construction and operation of a spice dehydration facility in Ghana.
  • ClearWater: Represented OPIC in connection with the financing of the construction and operation of a carbonated water processing facility in Hungary.
  • International School of Kenya: Represented the International School of Kenya in connection with a loan from OPIC to finance the construction and expansion of its school in Kenya.
  • Hospital Expansion: Represented a U.S. foundation sponsor in connection with a loan from OPIC to finance the construction and expansion of a hospital in Pakistan.
  • Alcap Recycling Facility: Represented OPIC in connection with the financing of the construction and operation of a waste recycling facility in Poland.
  • Raymond de Venezuela: Represented OPIC in connection with the financing of the construction and operation of an equipment manufacturing facility in Venezuela.
  • VTRAC: Represented OPIC in connection with the financing of the construction and operation of a storage facility in Vietnam.

AFFORDABLE HOUSING / HOTEL CONSTRUCTION

  • Roumel Development Corporation: Represented OPIC in connection with the financing of the construction and development of low-income housing in Bosnia & Herzegovina. OPIC’s first project in Bosnia & Herzegovina.
  • Casa Encantadas: Represented OPIC in connection with the financing of the purchase, refurbishment and expansion of a hotel in Guatemala.
  • Honduras Homes: Represented OPIC in connection with the financing of, and issuance of political risk insurance in connection with, the construction and development of low-income housing in Honduras.
  • Jopa Villas: Represented OPIC in connection with the financing of the construction and development of middle-income housing in Kenya.
  • Inter-Mac Honduras: Represent the project sponsors, borrowers and construction contractor in connection with a loan from OPIC to finance the redevelopment and expansion of an affordable housing community in Honduras.
  • Mongolian Resorts: Represented OPIC in connection with the financing of the construction of an eco-tourist camp and tourist facility in Mongolia. OPIC’s first project in Mongolia.
  • MVB Panama: Represented the sponsors and borrower in connection with a loan from OPIC to finance the construction and development of low-income housing in Panama.

EQUIPMENT LEASING/FRANCHISES

  • Mail Boxes Etc.: Represented OPIC in connection with the financing of the establishment and operation of a Mail Boxes Etc. franchise in Belize.
  • AMECO Foods: Represented the sponsor in connection with a loan from OPIC to finance the construction and operation, and expansion of a chain, of U.S. restaurants in Egypt.
  • Camas Ghana: Represented OPIC in connection with the financing of the purchase, installation and operation of cocoa-bean sorting equipment in Ghana, as well as the successful negotiation of the restructuring of the OPIC loan.
  • Global Design: Represented OPIC in connection with the financing of the establishment and operation of a Mail Boxes Etc. franchise in Panama.
  • ZAO Europlan: Represented OPIC in connection with a $40 million OPIC-guaranteed debt facility to finance an equipment leasing portfolio in Russia/CIS.
  • Pacific Sub-Sea Saipan: Represented OPIC in connection with the financing of a submarine reef exploration project in Thailand.

LOAN RESTRUCTURINGS AND WORKOUTS

  • Servicio Grafico Quipus: Represented OPIC in connection with the successful restructuring of an OPIC loan that financed the purchase of equipment for the expansion of a printing company in Bolivia.
  • Fresh Start Bakeries Industrial: Represented OPIC in connection with the successful assignment and transfer of an OPIC loan that financed the construction and operation of a bakery in Brazil.
  • SCI Cocoma: Represented OPIC in connection with a successful sale of shares as part of the restructuring of an OPIC loan that financed the construction of a hotel in Cote d’Ivoire.
  • Agro Tech: Represented OPIC in the successful negotiation of a settlement agreement with the project sponsors in connection with OPIC loans that financed the production and processing of poultry in the Dominican Republic.
  • Phyto-Riker Pharmaceuticals: Represented OPIC in connection with the successful restructuring of the equity and sale of the OPIC loan that financed the privatization and expansion of a pharmaceutical facility in Ghana.
  • Camas Ghana: Represented OPIC in connection with the successful restructuring of the OPIC loan that financed the purchase, installation and operation of cocoa-bean sorting equipment in Ghana.
  • Teberebie Goldfields: Represented OPIC in connection with the successful restructuring and sale of an OPIC loan that financed the construction and expansion of a gold production facility in Ghana.
  • Inter-Mac Honduras: Represented the construction contractor in the successful acquisition of an affordable housing community in Honduras; represent the project sponsors, borrowers and construction contractor in connection with the restructuring of a loan provided by OPIC to finance the redevelopment and expansion of the project.
  • Telecommunications: Represented a sponsor and borrower in negotiations with OPIC to restructure the equity and the OPIC loan that financed a telecommunications project in Russia.
  • Century 21 Real Estate Franchise: Represented a U.S. company in connection with the successful purchase and restructuring of a loan made by OPIC to finance the establishment and operation of a real estate franchise in Russia and the Ukraine.

FINANCIAL SERVICES/LOAN GUARANTIES

  • WorldBusiness Capital, Inc.: Represented WorldBusiness Capital, Inc. in connection with loans made to middle market businesses, projects, and financial institutions worldwide under a framework guaranty agreement with OPIC.
  • Bayport Management Ltd: Represented Bayport Management Ltd (BML) in connection with a $250 million loan from OPIC to fund BML’s strategic growth aspirations in Africa and Latin America.
  • Citibank Project Finance Facilities: Represented OPIC in connection with $1.3 billion of OPIC-guaranteed debt to support loans made by Citibank under fifteen facilities in Pakistan, South America, Africa, the Middle East, Russia/CIS, Asia, and Central America.
  • Rand Merchant Bank Facility: Represented OPIC in connection with a $200 million co-lending facility with Rand Merchant Bank to finance downstream projects in Sub-Saharan Africa.
  • Ghana Home Loans: Represented OPIC in connection with the capitalization and financing of the Ghana Home Loans bank mortgage company to finance primary and secondary mortgages in Ghana.
  • IMMDF: Represented Global Communities (formerly CHF International) in connection with a debt facility provided by OPIC to support loans made by the Iraq Middle Market Development Foundation in Iraq.
  • OPIC Microenterprise, Small Enterprise and Housing Facility: Represented Global Communities (formerly CHF International) in connection with a $25 million debt facility guaranteed by OPIC to support micro enterprise, small enterprise and housing loans in Lebanon.
  • LEDFC Reconstruction Facility: Represented OPIC in connection with a $20 million loan to Liberia Enterprise Development Fund Company (LEDFC) to support reconstruction efforts in Liberia.
  • SA Taxi: Represent SA Taxi, a provider of minibus taxi financing in South Africa, in connection with a $200 million loan from OPIC and other development finance institutions to expand SA Taxi’s financial services business in South Africa.
  • Middle East Investment Initiative: Represented Global Communities (formerly CHF International) in connection with a $110 million debt facility guaranteed by OPIC to support loans in the West Bank and Gaza.

PRIVATE EQUITY FUNDS

  • Sarona Frontier Markets Fund: Represented Sarona Asset Management in connection with a $250 million facility leveraged with $87.5 million of debt provided by OPIC for SME investments in frontier and emerging market countries. OPIC’s first fund-of-funds facility.
  • SEAF Global Facility: Represented Small Enterprise Assistance Funds (SEAF) in connection with a $30 million loan provided by OPIC to finance downstream loans to SMEs worldwide.
  • SEAF Afghanistan Facility: Represented Small Enterprise Assistance Funds (SEAF) in connection with a $50 million loan from OPIC to finance downstream loans and equipment leases to SMEs in Afghanistan.
  • SEAF Co-Lending Facility: Represented Small Enterprise Assistance Funds (SEAF) in connection with a $30 million co-lending facility with OPIC to finance downstream loans and equipment leases to SMEs in Afghanistan.
  • Actis Fund: Represented OPIC in connection with a $50 million investment guaranty provided to Actis Fund for private equity investments in Asia.
  • Paladin Fund: Represented OPIC in connection with a $35 million investment guaranty provided to Paladin Fund for real estate investments in Latin America.
  • Conduit Fund: Represented OPIC in connection with a $60 million investment guaranty provided to Conduit Fund for private equity investments in Latin America.
  • Counterpart International: Represented OPIC in connection with the financing of a venture capital fund targeting investments in environmentally-focused SMEs in the Philippines.

MICROFINANCE

  • Citibank Microfinance Facility: Represented OPIC in connection with a $70 million OPIC-guaranteed debt facility to support microfinance loans made by Citibank in 48 emerging market countries.
  • CHF Microfinance and Housing Facility: Represented OPIC in connection with a $30 million OPIC-guaranteed debt facility to support microfinance and housing loans in Lebanon.
  • CHF/Express Finance: Represented Global Communities (formerly CHF International) in connection with loans from OPIC and other international finance institutions for on-lending to S.C. Express Finance, a microfinance bank in Romania.
  • CHF Microfinance/Housing Facility: Represented Global Communities (formerly CHF International) in connection with a debt facility guaranteed by OPIC to support microfinance and housing loans in the West Bank.
  • CHF/Express Finance: Represented Global Communities (formerly CHF International) in connection with loans from OPIC and other international finance institutions for on-lending to S.C. Express Finance, a microfinance bank in Romania.

POLITICAL RISK INSURANCE

  • Djibouti Salt Mine: Represented OPIC in connection with the issuance of $60 million of political risk insurance to cover structured export notes to finance the construction and operation of a salt mine in the Republic of Djibouti.
  • Bucheit International: Represented OPIC in the successful defense of, and arbitral award with respect to, an expropriation and political violence claim brought in connection with an equity investment in a construction project in Gaza.
  • Rota International: Represented OPIC in the successful defense of, and arbitral award with respect to, an expropriation claim made under an OPIC political risk insurance contract covering the equity investment in a cashew production facility in Guinea-Bissau.
  • IEC Gas Pipeline: Represented OPIC in connection with the negotiation of Non-Honoring of Sovereign Guaranty expropriation coverage for a $250 million loan to finance the construction and operation of an offshore natural gas pipeline in Israel.
  • Josco: Represented OPIC in the successful settlement and recovery of an expropriation claim brought in connection with an equity investment in a vegetable processing facility in Jamaica.
  • Cerro Verde Copper Mine: Represented OPIC in connection with the negotiation of inconvertibility, expropriation, and political violence coverage for a $250 million equity investment to finance the privatization, upgrade and expansion of an open-pit copper mine in Peru.

 

OPIC Transactions by Region >>