December 9, 2019
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
Renewable energy company sells debentures to pay off BNB loan