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Natixis CIB partners with Long Beach Container Terminal (and Macquarie Asset Management) in recent USPP transaction and debut green port financing for Natixis CIB in the Americas
Natixis CIB acted as Co-Green Coordinator and Joint Placement Agent for Long Beach Container Terminal in their recent US Private Placement
Long Beach Container Terminal (“LBCT”) is a major container terminal operator located in the Port of Long Beach, California and a portfolio company of Macquarie Asset Management, a leading global infrastructure investor, since 2019.
In a significant advancement for the port industry, LBCT introduced its Net Zero 2030 Climate Action Plan[1] in 2022 (the “Plan”), establishing a comprehensive strategy to transform the terminal into the world’s first facility with zero Scope 1 GHG emissions by 2030.
The immediate focus of LBCT’s strategy centers on deploying zero tailpipe emission infrastructure, vehicles and equipment, and transitioning fossil-fueled equipment to fully eliminate Scope 1 emissions.
The Plan also outlines decarbonization pathways aimed at reducing Scope 2 and 3 greenhouse gas emissions. This includes supporting the development of renewable energy in the Southern California Edison’s grid and fostering collaboration within LBCT’s supply chain to mitigate GHG emissions produced by partners, including ships, trucks, trains, tugs, and other service providers.
This proactive approach positions LBCT as a leader in the industry, setting a standard for sustainability in maritime operations.
To support its Net Zero strategy, LBCT developed a robust Green Financing Framework which received a favorable Second Party Opinion from Sustainalytics. On February 6th, 2025, LBCT successfully priced Senior Secured Notes in its debut USPP transaction, which included a dedicated green tranche, aligned with the Green Bond Principles.
The proceeds from this tranche will be allocated to finance and refinance the expenditures and investments related to deployment of zero emissions infrastructure, vehicles, and equipment (such as ship to shore cranes, yard cranes, automated guided vehicles, battery infrastructure).
Natixis was delighted to act as Co-Green Coordinator for this transaction, supporting LBCT on its sustainable finance journey to decarbonize the shipping industry. It is also the first green port financing that Natixis CIB has done in the Americas.
