June 27, 2019 |
Argentina's Pan American Energy (PAE) has received a $500m financing package through IFC to finish the expansion of the Campana refinery in the province of Buenos Aires.
IFC provided an eight-year loan for $135m and arranged $315m in funding from other lenders, including Bancaribe, BBVA, Santander, Citi, ICBC, Crédit Agricole and JPMorgan. The package also included $50m through the Managed Co-Lending Portfolio Program (MCPP) with institutional investors, IFC said in a press release.
Argentine energy company gets $500m to expand the Campana diesel refinery