Sponsor targets year-end close for Ecuador hydro deal

Sponsor targets year-end close for Ecuador hydro deal

Ecuador Loans Project & Infrastructure Finance Bonds

Grupo One Energy is aiming to close 10-year $75m A/B loan package backing a hydroelectric project in Ecuador by year-end. Initial disbursements would be received in the first quarter of 2016. The Inter-American Investment Corp. is the financial advisor to Hidronormandia, the Grupo One Energy affiliate that is developing the 48.51MW Normandia hydro project. The financing package would include a $10m A tranche from the IIC, and a $65m B tranche from commercial lenders. Both tranches would include

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