AEI Guatemala Plant Wraps Up Loan Syndication

AEI Guatemala Plant Wraps Up Loan Syndication

Central America

AEI has closed a $350m 10-year term loan for construction of the 300MW Jaguar Energy Guatemala power plant, after tapping mostly regional lenders. The developer formerly known as Ashmore had sought a $500m A/B loan in 2008. But after waiting out the global credit crisis, it launched in December a single-tranche $350m 10-year loan paying Libor plus 575bp. It is led by Bancolombia and Cabei. Participants are: Guatemala’s Banco Industrial, G&T Continental, Banco Reformador and BAM, as well as

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