AA2000 lands new debt package

AA2000 lands new debt package

Loans Project & Infrastructure Finance Debt Argentina

Aeropuertos Argentina 2000 (AA2000) said it has received a three-year, $120m debt facility from four banks to fund upcoming investments. Banco Galicia, Citi, ICBC and Santander provided an $85m "onshore" loan at a fixed rate of 9.75% per year and a $35m "offshore" loan at 550bp over Libor, AA2000 said in a securities filing. The airport concessionaire backed the financing with 85% of all receivables from its cargo business, Terminal de Cargas Argentina, originating from import, export and storag

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