Pacific Hydro, Statkraft refinance La Higuera

Pacific Hydro, Statkraft refinance La Higuera

Loans Project & Infrastructure Finance Corporate & Sovereign Strategy Debt Chile

Australia's Pacific Hydro and Norway's Stakraft have secured a 10-year, $171m loan to pay off debt from the La Higuera hydroelectric power plant in Chile, LatinFinance has heard. The club deal involved Bank of China, DNB, Natixis and SMBC, said a source involved in the deal. Pacific Hydro and Statkraft will use the money to pay back the $300m loan they took for La Higuera in April 2011, the source said. The Australian renewable energy company and the Norwegian hydropower company each own 50%

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