Asian banks back Ameris acquisition

Asian banks back Ameris acquisition

Loans Project & Infrastructure Finance Debt Energy Gas Chile Asia China

Three Asian banks — AgBank, IBK and ICBC — have backed Ameris Capital's acquistion of a natural gas terminal in northern Chile with a four-year, $120m syndicated loan, LatinFinance has confirmed. Ameris agreed earlier this month to buy a 37% stake in the Mejillones liquefied natural gas (LNG) facility from the state-owned mining company Codelco for $194m. One source said ICBC took a $40m ticket, but he did not say how much the other two banks committed to the loan. According to the Korea Economi

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