Atlas refinances solar plant in Brazil

Atlas refinances solar plant in Brazil

Debenture Debt Capital Markets Fixed Income Loans Energy Renewable Solar Argentina

Atlas Renewable Energy has refinanced debt from the São Pedro solar farm by selling BRL113 million ($27.4 million) in debentures in Brazil. São Pedro IV, a special purpose vehicle owned by the renewable energy company, used the money to pay off a loan from the regional development bank Banco do Nordeste (BNB), according to a report from Fitch Ratings. Led by Banco ABC Brasil, the SPV priced the 15-year notes 4.4% over the IPCA consumer price index, according to the local capital markets associat

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