Peruvian Hydroelectric Project Closes Loan

Peruvian Hydroelectric Project Closes Loan

Peru Loans

The Cerro Del Aguila hydroelectric project in Peru has closed on $534m in loan financing, according to sources familiar with the process. The funding for the project sponsored by Israel Corp includes a 12-year portion paying Libor plus approximately 5.0% and divided into a $305m amortizing tranche and a $164m bullet tranche. A 15-year portion arranged by Italy’s SACE has $65m funded so far, and has space for an additional $48m post-closing. Finally, a $61.5m subordinated sponsor-funded tranche m

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