Abengoa Clinches Power Line Loan

Abengoa Clinches Power Line Loan

Peru

A Peruvian unit of Spanish concessionaire Abengoa has raised a $78m 7-year loan with a group of banks to help it build and operate a 5-stretch 650km transmission line in central and northern Peru. The financing for the Carhuamayo – Carhuaquero project was priced at around 500bp over Libor, according to an executive close to the process, and includes a balloon feature whereby close to 70% of the principal amortizes in year 7. The deal includes close to 1 year of remaining construction, with the e

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