ITS Secures Green Loans with ING as Arranger and Sustainability Coordinator
ING Capital has announced the closing of $424 million in credit facilities for International Transportation Service (ITS) at the Port of Long Beach. The facilities, comprising $224 million in taxable and $200 million in tax-exempt financing, will support a major terminal redevelopment project.
The redevelopment includes a $300 million slip-fill project that will increase yard capacity by 50%, enabling accommodation of two 18,000 TEU vessels simultaneously. Additionally, $100 million has been designated as Green Loans specifically for procuring electrified terminal equipment.
This initiative aligns with the California Clean Air Action Plan (CAAP) targets and aims to achieve net-zero emissions through key decarbonization strategies, including electrification and adoption of zero-tailpipe emissions equipment. ITS, owned by a Macquarie Asset Management managed vehicle, is making these strategic investments under the guidance of the City of Long Beach to enhance marine terminal infrastructure while promoting environmental sustainability.
ING Capital ha annunciato la chiusura di 424 milioni di dollari in servizi di credito per International Transportation Service (ITS) presso il porto di Long Beach. Le strutture, che comprendono 224 milioni di dollari in finanziamenti tassabili e 200 milioni di dollari in finanziamenti esenti da tasse, supporteranno un importante progetto di riqualificazione del terminal.
La riqualificazione include un progetto di riempimento di banchina da 300 milioni di dollari che aumenterà la capacità del piazzale del 50%, permettendo di accogliere simultaneamente due navi da 18.000 TEU. Inoltre, 100 milioni di dollari sono stati destinati a prestiti verdi specificamente per l'acquisto di attrezzature per terminal elettrificate.
Questa iniziativa è in linea con gli obiettivi del California Clean Air Action Plan (CAAP) e mira a raggiungere emissioni nette zero attraverso strategie chiave di decarbonizzazione, comprese l'elettrificazione e l'adozione di attrezzature a zero emissioni dirette. ITS, di proprietà di un veicolo gestito da Macquarie Asset Management, sta effettuando questi investimenti strategici sotto la guida della città di Long Beach per migliorare l'infrastruttura del terminal marittimo promuovendo al contempo la sostenibilità ambientale.
ING Capital ha anunciado el cierre de 424 millones de dólares en facilidades de crédito para International Transportation Service (ITS) en el puerto de Long Beach. Las facilidades, que comprenden 224 millones de dólares en financiamiento gravado y 200 millones de dólares en financiamiento exento de impuestos, respaldarán un importante proyecto de remodelación del terminal.
La remodelación incluye un proyecto de relleno de muelle de 300 millones de dólares que aumentará la capacidad del patio en un 50%, permitiendo acomodar simultáneamente dos buques de 18,000 TEU. Además, se han destinado 100 millones de dólares para Préstamos Verdes específicamente para la adquisición de equipos electrificados para terminales.
Esta iniciativa se alinea con los objetivos del Plan de Acción para el Aire Limpio de California (CAAP) y tiene como objetivo lograr emisiones netas cero a través de estrategias clave de descarbonización, incluyendo la electrificación y la adopción de equipos sin emisiones a la salida. ITS, propiedad de un vehículo gestionado por Macquarie Asset Management, está realizando estas inversiones estratégicas bajo la guía de la ciudad de Long Beach para mejorar la infraestructura del terminal marítimo mientras promueve la sostenibilidad ambiental.
ING Capital 는 롱 비치 항에 있는 국제 운송 서비스(ITS)를 위해 4억 2400만 달러의 신용 시설이 종료되었음을 발표했습니다. 이 시설은 2억 2400만 달러의 과세 자금과 2억 달러의 비과세 자금으로 구성되어 있으며, 주요 터미널 재개발 프로젝트를 지원합니다.
재개발에는 3억 달러의 슬립 필 프로젝트가 포함되어 있으며, 이는 야드 용량을 50% 늘려주며 18,000 TEU의 선박 두 척이 동시에 수용할 수 있게 합니다. 추가로, 1억 달러가 전기화 터미널 장비 조달을 위한 녹색 대출로 지정되었습니다.
이 이니셔티브는 캘리포니아 청정 공기 행동 계획(CAAP) 목표와 일치하며, 전기화 및 제로 배출 장비 채택 등 주요 탈탄소화 전략을 통해 배출량 제로를 달성하는 것을 목표로 하고 있습니다. Macquarie 자산 관리가 관리하는 차량이 소유한 ITS는 해양 터미널 기반 시설을 향상시키고 환경 지속 가능성을 촉진하기 위해 롱 비치 시의 안내 하에 이러한 전략적 투자를 진행하고 있습니다.
ING Capital a annoncé la clôture de 424 millions de dollars de facilités de crédit pour International Transportation Service (ITS) au port de Long Beach. Les facilités, comprenant 224 millions de dollars en financement imposable et 200 millions de dollars en financement exonéré d’impôt, soutiendront un important projet de réaménagement du terminal.
Le réaménagement inclut un projet de remplissage de quai de 300 millions de dollars qui augmentera la capacité du yard de 50 %, permettant d'accueillir simultanément deux navires de 18 000 TEU. De plus, 100 millions de dollars ont été affectés à des prêts verts spécifiquement pour l'acquisition d'équipements de terminal électrifiés.
Cette initiative est en accord avec les objectifs du Plan d'Action pour un Air Propre de Californie (CAAP) et vise à atteindre des émissions nettes nulles grâce à des stratégies clés de décarbonisation, y compris l'électrification et l'adoption d'équipements à zéro émission de gaz d'échappement. ITS, détenue par un véhicule géré par Macquarie Asset Management, réalise ces investissements stratégiques sous la direction de la ville de Long Beach pour améliorer l'infrastructure des terminaux maritimes tout en promouvant la durabilité environnementale.
ING Capital hat den Abschluss von 424 Millionen Dollar an Kreditfazilitäten für die International Transportation Service (ITS) im Hafen von Long Beach angekündigt. Die Fazilitäten, die aus 224 Millionen Dollar steuerpflichtiger und 200 Millionen Dollar steuerfreier Finanzierung bestehen, unterstützen ein größeres Terminalumbauprojekt.
Zu dem Umbau gehört ein 300 Millionen Dollar Slip-Fill-Projekt, das die Platzkapazität um 50 % erhöhen wird, um gleichzeitig zwei 18.000 TEU-Schiffe unterzubringen. Außerdem wurden 100 Millionen Dollar als grüne Darlehen für den Erwerb elektrifizierter Terminalausrüstung vorgesehen.
Diese Initiative steht im Einklang mit den Zielen des California Clean Air Action Plan (CAAP) und zielt darauf ab, Netto-Null-Emissionen durch wichtige Dekarbonisierungsstrategien zu erreichen, einschließlich Elektrifizierung und der Einführung von Geräten mit null Abgasen. ITS, das einem von Macquarie Asset Management verwalteten Fahrzeug gehört, tätigt diese strategischen Investitionen unter der Anleitung der Stadt Long Beach, um die marine Terminalinfrastruktur zu verbessern und gleichzeitig die Umweltverträglichkeit zu fördern.
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ING Capital LLC acted as the Administrative Agent, Joint Lead Arranger, Sole Taxable Debt Bookrunner, and Joint Sustainability Coordinator for ITS'
ITS' terminal redevelopment plan includes a slip-fill project with an estimated capex spend of
Under the guidance and support of the
"Our partnership with ING and the other lenders represents a significant milestone in our strategic mission to enhance marine terminal infrastructure across the
"ING is proud to support ITS, a forward visioned terminal operator, with their ambitious journey towards net-zero operations. Through our port market expertise we structured the financing as Green Loans, allowing the acceleration of investments in zero-tailpipe emissions technology," said Marta Bede, Managing Director, Infrastructure,
"This partnership underscores our commitment to financing sustainable initiatives that support reduced negative environmental impact, while supporting capacity expansions that scale essential decarbonization catalysts for achieving net-zero," added Suleyman Kilci, Vice President, Sustainable Solutions Group,
To learn more about ITS and its operations, visit https://www.itslb.com/.
About International Transportation Service
Owned by a MAM-managed fund, ITS is a container terminal operator at the Port of
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 30 September 2024.
About ING Capital LLC
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect
Sustainability is an integral part of ING's strategy, evidenced by ING's leading position in sector benchmarks. ING's Environmental, Social and Governance (ESG) rating by MSCI was affirmed 'AA' in July 2023. As of December 2023, Sustainalytics considers ING's management of ESG material risk to be 'strong'. ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.
Please note that neither ING Groep NV nor ING Bank NV have a banking license in the
Contact Information
Michael Constantine
ING
(646) 424-7053
Michael.constantine@ing.com
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SOURCE ING Capital LLC
FAQ
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