The $350 million DP World Callao S.R.L. financing closed on October 2nd. It is 5-year facility that refinances the existing loan on DP World's Callao terminal. The MLA (mandated lead arranger) bank group consists of 7 banks: Citibank, Deutsche Bank, DNB Bank, HSBC, KfW IPEX-Bank, Samba Financial Group, and Standard Chartered. DNB Bank acted as documentation and facility agent. DP World started operations in Callao, near Lima, in May 2010. Peru's Agencia de Promoción de la Inversión Privada (Proinversion) and the National Port Authority awarded in June 2006 DP World Callao a 30-year concession to develop and operate a new container terminal in Callao port's 'southern zone.