Ruta del Sol Gets Funds

Ruta del Sol Gets Funds

Colombia

Ruta del Sol has received a project finance syndicated loan for $763m equivalent in Colombian pesos from a group of lenders, via la Corporacion Financiera Colombiana, says the bank. Of the total, $605m equivalent is in the form of a 10-year loan, with a 4-year grace period, of which $70m will be in US dollars. Some $158m will be for working capital, with a 1-year maturity. All financing was provided by local banks, with Bancolombia giving 29%, Banco de Bogota 27%, Davivienda 19%, Banco de Occide

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