Advent Targets Loan for Colombian Pipeline Buy

Advent Targets Loan for Colombian Pipeline Buy

Colombia Loans US

US private equity firm Advent International is preparing a $600m loan to help fund the acquisition of a 22% stake of Colombian pipeline operator Ocensa, LatinFinance understands. A bank meeting was held in Colombia last week for the 7-year amortizing facility, done through a special purpose vehicle, with pricing at Libor+450bp. MLA, lead arranger and arranger tickets – of $80m, $50m and $25m, respectively – are on offer. Citi, Itau and Natixis are leading the transaction, expected to close befor

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