Central Puerto buys power plant

Central Puerto buys power plant

M&A Project & Infrastructure Finance Argentina

Argentina's Central Puerto said it has agreed to buy a power plant from the state-owned energy company IEASA for $326m, including debt. The Buenos Aires-based power company will take over the gas-fired Brigadier López plant on April 1, Central Puerto said in a press release. Central Puerto also said it will pay $165m, with $155m in cash, and take on $161m in debt. The company added that it will pay the debt in 41 monthly installments at either 500bp over Libor or a fixed rate of 6.25%, whichever

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