November 19, 2019 |
Spain's has financed another toll road concession in Colombia with a $185 million loan from BTG Pactual and Santander.
The two banks do not intend to syndicate the loan at this time, although they could decide to do so at a later date, said a source involved in the deal.
The source also said that Sacyr will use the money to pay off the $110 million in bridge financing that it had previously arranged for the Puerta de Hierro-Palmar de Varela toll road.
The developer took out $50 million in shor
Spanish developer reaches financial close on the Puerta de Hierro-Palmar de Varela highway with a mini-perm for $185 mln