September 16, 2019 |
ContourGlobal is close to securing a seven-year, $625m loan to fund the acquisition in Mexico of two power plants and the rights to develop a third, sources told LatinFinance.
Scotiabank began syndicating the loan in mid-July and could close the deal in the next few weeks, the same time as the $801m acquisition, sources said.
The UK-based power generation company will use the money to buy the two plants from the Mexican petrochemical company Alpek and finance construction of the third. The two o
Scotiabank is syndicating a $625m facility for the acquisition of two power plants in Mexico