EDF, AME JV snares bank debt for AES Gener purchase

EDF, AME JV snares bank debt for AES Gener purchase

Loans M&A Chile Project & Infrastructure Finance Electricity

A joint venture (JV) between France's EDF and Chilean electric company Andes Mining & Energy (AME) has tapped banks to help fund its $300m acquisition of thermal power projects from AES Gener in Chile, sources familiar with the financing have said. The JV, known as Generadora Metropolitana, secured a seven-year $150m club loan from the following banks:- BNP Paribas- Credit Agricole- MUFG- Scotiabank and- SMBC The JV sought out banks for 75% of the transaction value, according to a statemen

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