BLP has advised IDB Invest on its senior loan for up to $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: (1) 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; and (2) the installation of solar panels on the roofs of the industrial park to meet internal demand, generating at least 7.75 MWh of clean energy per year.

This complex deal is of great importance because it increases the competitiveness of El Salvador’s industrial sector.

BLP’s legal team was led by:

José Gochez
El Salvador
Associate
jgochez@blplegal.com