January 29, 2021 |
Argentine energy investor Desarolladora Energética (DESA) said Thursday that it has started the process to refinance $624 million in debt, split between a syndicated loan and bonds due in 2023.
The owner of six power distribution companies said it signed an agreement with its controlling shareholders — London-based Tesnik and Montevideo-based Cuxery – and its financial creditors. The company did not provide details on how it plans to restructure the debt.
DESA and subsidiary Empresa Inversora En
Argentine energy investor seeks to refinance $624 mln in loans and bonds