Abengoa refinances cogen plant in Mexico

Abengoa refinances cogen plant in Mexico

Loans Debt Corporate & Sovereign Strategy Project & Infrastructure Finance Energy Electricity Gas Mexico

Abent 3T, a Mexican subsidiary of the Spain's Abengoa, has secured a bridge loan for roughly MXN7.2bn ($381m) to refinance debt from a 220 MW cogeneration plant in the state of Tabasco, LatinFinance has heard. Inbursa and Santander provided the loan, while the US law firm Jones Day advised the lenders on the transaction. Santander also acted as the collateral agent. Abengoa is expected to sign long-term financing for the A3T plant within a year, said a source involved in the transaction. A3T beg

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