TPG unit endorses debt sale in Brazil

TPG unit endorses debt sale in Brazil

Debenture Capital Markets Debt Funds Project & Infrastructure Finance Rule 476 Energy Electricity Brazil United States

Norte Brasil Transmissora de Energia (NBTE), a subsidiary of the transmission line concessionaire Evoltz, said it plans to issue BRL1 billion ($185 million) in debentures in the local market to pay down debt. Evoltz, which is owned by the US private equity firm TPG Capital, took over NBTE in late July this year. NBTE operates a 2,411km power line between the cities of Porto Velho, capital of the northwestern state of Rondônia, and Araraquara in São Paulo. The 30-year concession contract expires

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