Devimar arrives at financial close

Devimar arrives at financial close

Loans Project & Infrastructure Finance Debt Colombia

Colombia's Devimar has reached financial close on the Autopista al Mar 1 toll road concession with COP2.23tn ($722m) in loans, the national development bank FDN said in a press release. According to a source involved in the deal, Devimar split the financing into two 16.5-year loans, with a dollar-denominated facility for $225m and peso-denominated facility for COP1.52tn. FDN put in COP553bn as a direct lender, while the IDB, IDB Invest, ICO and BlackRock also provided pesos through a credit line

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