December 5, 2018 |
Argentina's MSU Energy said it has closed a $250m private placement and raised funds for three power plants in development.
The placement agent Citi priced the five-year notes at 11.25% over Libor, the energy company said in a securities filing. MSU added that it will use the money to pay off short-term debt and finish the expansion projects at the General Rojo, Barker and Villa María power plants.
The Buenos Aires-based energy company got a five-year, $230m loan from five lenders in July last y
Argentine energy company gets $250m from a private placement with an unnamed buyer