Brazil’s Ageo Terminals raises $90 mln via infrastructure debentures

Ageo Terminals has raised 450 million reais (about $90 million) through three issuances of incentivized debentures, reinforcing the group’s strategy of tapping long-term, structured financing to support maintenance and expansion projects.

The offerings involved Ageo Norte Terminais e Armazéns Gerais S.A., Ageo Terminais e Armazéns Gerais S.A. and Ageo Leste Terminais e Armazéns Gerais S.A. The three issuances were carried out simultaneously and shared similar terms, with remuneration indexed to inflation at IPCA plus 6.95% per year.

According to the company, the proceeds will be allocated to maintenance investments and modernization projects, aimed at preserving Ageo’s position as the leading and most efficient independent (open-access) liquid bulk terminal operator at the Port of Santos.

Ageo operates three terminals on Barnabé Island, in Santos, with a total of 272 storage tanks and an installed static capacity of 520,000 cubic meters. The group has led liquid bulk throughput at the Port of Santos since 2012 and continues to invest in expanding both storage and handling capacity.

In 2026, Ageo is expected to complete another expansion project that will add 12 new tanks and 58,000 cubic meters of additional storage capacity. The company also highlights its private pier as a competitive differentiator. Its IB Oeste Pier has been recognized as the most modern and safest pier at the Port of Santos, an award granted by the Tank Storage Awards.

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