Jan 2015 Financial News

Plipdeco, First Citizens finalise $201m credit facility

Jan 27, 2015

First Citizens has entered into partnership with Point Lisas Industrial Port Development Corporation Ltd (Plipdec) for a $201 million credit facility which will mature on December 18, 2024. 

The facility is to be used for the refinancing of previously existing loan arrangements, upgrading of infrastructure and procurement of new port equipment. 

The signing ceremony was attended by First Citizens executive chairman Anthony Isidore Smart; deputy CEO, Corporate Administration Sharon Christopher; assistant general manager, Corporate Banking Unit, Angela Hordatt; Plipdec chairman Ian Atherly, its president  Ashley Taylor and other key members of its management team.

Plipdec is a publicly traded company which focuses on industrial real estate management and port management and operations. The Port of Point Lisas, which is the second major port in T&T, consists of six general cargo and container berths.

Source:
Trinidad Guardian
Tuesday January 27, 2015

http://www.guardian.co.tt/business/2015-01-27/plipdeco-first-citizens-finalise-201m-credit-facility