VLI raises R$2 bln in debentures to fund upgrades to FCA railway and Tiplam terminal

VLI – a logistics services company that operates ports, railways, and terminals – has concluded two debenture funding processes, raising a total of R$2 billion for works on the Centro-Atlântica Railway and at the Luiz Antonio Mesquita Port Integrator Terminal (Tiplam), located in the Baixada Santista region. Together, the operations represent the largest debenture financing ever undertaken by the company. The offerings were settled this month, coordinated by Itaú, Bradesco, Santander, and BTG, with maturities ranging between 10 and 12 years.

“The success of the operations reflects the credibility of VLI’s financial management, repeatedly rated AAA by the most important international risk agencies. The issuance of infrastructure incentive debentures is a positive instrument that allows us, at the same time, to finance current and capital investments and increase the efficiency of the assets under our control, always with a focus on operational safety and generating value for our clients’ business,” says VLI’s CEO, Fábio Marchiori.

On the Centro-Atlântica Railway, the funds will be used, among other initiatives, for maintenance and improvement of the permanent way, including the replacement of rails and sleepers, which will increase the average train circulation speed. To this end, VLI has already ordered approximately 9,000 tonnes of rails, totaling approximately 230 km in length. Work will also include the repair and installation of new guardrails on bridges and pedestrian crossings, enhancing the safety of communities along the railway corridor.

At Tiplam, funds will be allocated to strengthening and renewing the port’s mobile and fixed infrastructure, including warehouses, loaders, and conveyor belts. Improvements will also be made to berths, enhancing vessel safety during loading operations in more severe weather.

Tiplam is the gateway for the import and export flows of VLI’s Southeast Corridor, which handles cargo such as sugar, grains, and fertilizers from states including Minas Gerais, São Paulo, and Goiás via the Centro-Atlântica Railway. All export flows through the terminal are moved by rail, providing an environmental benefit — since the railway mode emits only one-sixth of the CO₂ produced by the road mode per tonne transported — while preventing excess truck traffic in the Baixada Santista region.

Source: VLI Logística

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