SunPower closes debt facility for El Pelicano solar

SunPower closes debt facility for El Pelicano solar

Chile Loans

SunPower has signed a debt package with a group of lenders for roughly $220m to fund the construction of the 100 MW El Pelicano solar photovoltaic project in Chile. The US solar company signed a seven-year $200m loan with Credit Agricole, Korea Development Bank, MUFG and SMBC, as well as a $22m VAT facility from local lender Banco de Credito e Inversiones, two loans sources told LatinFinance. BCI also coordinated a UF-denominated performance bond. Chadbourne & Parke advised the lenders, whil

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