January 04, 2012

BNY Mellon Appointed Security Trustee, Account Bank and Paying Agent for Embraport's $786 Million Loan Facility

Embraport named "2011 Transport Deal of the Year-Americas" by Project Finance International

NEW YORK, January 4, 2012 — BNY Mellon has been appointed U.S./Brazil security trustee and account bank and U.S. paying agent by Embraport Empresa Brasileira de Terminals Portuarios S.A. for its US$786 million loan facility, proceeds of which are intended to finance the construction, operation and maintenance of a private mixed-use container and liquids terminal in Brazil's Port of Santos.  The financing package comprises the US$430 million syndicated financing of the project by the Inter-American Development Bank, Caixa Geral, HSBC, Santander and WestLB AG, and a loan of approximately R$633.4 million provided by Caixa Economica Federal.

Embraport was named "2011 Transport Deal of the Year-Americas" by Project Finance International (PFI).  The PFI Awards recognize excellence in global project finance.

In its role, BNY Mellon Corporate Trust will provide a variety of services for Embraport, including the maintenance and handling of accounts in U.S. and Brazilian currencies, performance of analytics and the disbursement and processing of loan payments in Brazil and the U.S.

"We are well-positioned to support this award-winning project, which capitalizes on the growing need for a port terminal in a community increasingly engaged in global trade activity," said Eric D. Kamback, CEO of BNY Mellon's corporate trust business.  "Our appointment on this loan facility speaks to our experience in servicing complex transactions and underscores the partnership we have with our clients in the public finance marketplace, as well as our ability to meet their diverse needs in multiple jurisdictions through our unmatched global staff and capabilities."

Located in the Port of Santos, which is the largest port complex in South America, Embraport will be the largest multiple-use private port terminal in Brazil, with the infrastructure to operate containers and liquid bulk materials and facilities for the storage and handling of materials.

BNY Mellon Corporate Trust services $11.9 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.