Sacyr concession secures financing for Chilean toll road

Sacyr concession secures financing for Chilean toll road

Debt Loans Project & Infrastructure Finance Chile Europe Latin America

Valles del Desierto, a Chilean toll road concessionaire owned by Spain's Sacyr Concesiones, has secured a UF2.85 million ($106 million) line of credit from BancoEstado to fund its Vallenar-Caldera Route. The proceeds from the non-revolving credit line, which will mature in December 2035, will be used to refinance the company’s debts and improve its repayment profile, Sacyr and Valles del Desierto said in separate statements. Sacyr initially financed the concession in November 2011 with a loan fo

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