Recaudo Bogotá restructures debt

Recaudo Bogotá restructures debt

Debt Loans Corporate & Sovereign Strategy Colombia Andean

Recaudo Bogotá, the company that manages fare collection services for city buses in the Colombian capital, has restructured COP372 billion ($99.8 million) in debt, according to the federal business regulator Supersociedades. Recaudo Bogotá's seven creditors agreed to the eight-year deal on May 27, ending a reorganization process that started in early April 2018, Supersociedades said in a press release. The fare collection company's main creditors are the International Finance Corporation (IFC),

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