May 6, 2019 |
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.
Spanish developer gets a $380m bridge loan to pay off debt from the 220 MW facility in Tabasco