Acciona requests IIC revolver

Acciona requests IIC revolver

Structured Finance Loans Project & Infrastructure Finance Paraguay

Acciona has asked the IIC for up to $180m in a revolving credit facility to finance the construction of sewage systems and wastewater treatment plants in Paraguay. The Spanish developer will make dollar-denominated milestone payments called CRPago from the public works and communications ministry MOPC during construction. Acciona will then sell the certificates to long-term investors and use proceeds to repay the loan, the IIC said. Construction is expected to take four years. The project aims

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