April 12, 2019 |
Grupo Unidos por el Canal (GUPC) has added three years to a five-year, $110m project loan that was signed in 2014, LatinFinance has heard.
Bankia, CaixaBank and Santander provided the loan, while the Spanish export credit agency CESCE put in a partial guarantee, said a source close to the deal.
The loan was originally scheduled to come due in August this year, the source said.
GUPC won the contract to design and build the third set of locks in the Panama Canal, the largest project under a $5.25b
Panama Canal contractor adds three years to the maturity of a $110m facility