November 27, 2018 |
Genergiabio Corrientes has financed the construction of the first biomass power plant in Argentina with a syndicated loan led by the Panama-based infrastructure lender CIFI.
Banco Ciudad, Itaú, Cofides and BAS Coporation also participated in the $43m facility. Genergiabio Corrientes has financed the $67m project with 43.2% debt and 24.6% equity, according to a source involved in the deal.
The British law firm Clifford Chance acted as international counsel for the lenders, while Pérez Alati was
CIFI arranges a $43m syndicated loan with four other lenders for the $67m project