IFC Financing Jamaica Energy Expansion

IFC Financing Jamaica Energy Expansion

Caribbean

The IFC is lead arranger on a $95m syndicated loan to finance expansion of Jamaica Energy Partners’ power generation capacity by 65MW to 190MW, says an IFC official who declines to be identified. New York-based energy-focused private equity firm Conduit Capital is sponsoring the loan. Of the total amount, the IFC is lending $28m in 2 pieces. One is a senior loan for $19m and the other is a subordinated facility for $9m, the official says. He does not disclose terms, saying only that they will li

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