TPG seeks refinancing in Brazil

TPG seeks refinancing in Brazil

Project & Infrastructure Finance Loans Debt Energy Electricity Brazil US

US private equity firm TPG Capital is looking to raise around BRL800 million ($185 million) to refinance a portfolio of transmission lines that it acquired from Abengoa two years ago, according to a source familiar with the company's plans. TPG, acting through the local holding company Evoltz Participações, has only started negotiations to refinance the debt and will not likely close a deal before the middle of the year, the source said.TPG agreed to spend BRL482 million to acquire seven brownfi

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