December 16, 2019 |
ContourGlobal has signed a seven-year loan for $625 million from Scotiabank to finance the acquisition of two co-generation power plants from the Mexican petrochemical company Alpek, according to two sources close to the deal.
The British power generation company agreed to buy the two plants for $801 million in January and closed the deal on November 25.
Scotiabank was the sole bookrunner, but it is recruiting other lenders to join the loan in the first quarter of next year, one of the sources s
British power generator borrows $635 mln from Scotiabank to buy two co-generation plants from Alpek