Delpos International // Experience // Latin America





		latin america aes argentina power / argentina Project Finance Magazine's Deal of the Year 1999 Delphos International was co-advisor to PSEG Global Inc. and The AES Corporation in developing the first merchant power plant in an emerging market to be financed on a limited recourse basis. A total of $214 million was obtained to finance the 826MW power plant that was the recipient of Project Finance magazine's Latin American Deal of the Year in 1999. Delphos International arranged a senior debt facility provided by the IDB, JBIC, and EID-MITI of Japan. A major portion of the senior debt came from a B-loan syndication of commercial banks led by West LB, ING Bank, and Bank of Tokyo-Mitsubishi. riverside real estate / costa rica Condominiums Riverside S.A. ("Riverside"), a Costa Rican based company, was interested in constructing, selling/leasing a condominium tower and commercial center in order to complete the Riverside Estates in Escazú, Costa Rica. Project costs totaled $10 million. Riverside needed financing of $6.7 million for a combination of construction costs, working capital, a debt service reserve account and associated financing costs. Delphos International was able to obtain the needed financing in the form of a loan from OPIC. The remaining $3.3 million was financed through a combination of paid-in capital and operating cashflow. The financing process was completed in May 2005. newcom telecommunications / central america Newcom Limited is a leading facilities-based provider of broadband communications solutions, services and infrastructure in Central America. Headquartered in Guatemala, the Company offers broadband voice, data, and video services to the corporate and government sectors, both locally and regionally, primarily via its fixed wireless access network to five Central American countries; Guatemala, Costa Rica, Honduras, Nicaragua, and Panama. Delphos International secured a $9.7 million OPIC loan, with project costs totaling approximately $15 million. The loan provided for an expansion of the company's network and increased the services offered within their network. Newcom expanded its network and increasing the services that they offer within their network. An additional advantage to the loan was that Newcom was able to remove short-term, high cost debt. The loan was completed without the necessity of guarantors, removing the obligations of the shareholders from a pervious. tucan oil & gas / venezuela Tucán Petroleum Services de Venezuela S.A. is a privately held oil well services company incorporated in Venezuela and majority-owned by a U.S. sponsor. Delphos International structured and negotiated a $4.5 million, 9-year loan from OPIC to support the company's expansion in Indonesia. Loan proceeds are being used for the purchase of additional fixed assets, start-up working capital, interest during construction and debt service reserve funding. Delphos International is now advising the company in the loan administration disbursement process and compliance with loan covenants.