Alto Maipo lands DIP financing

Alto Maipo lands DIP financing

Corporate & Sovereign Strategy Debt Loans Chile United States Electricity Hydro

Alto Maipo, a Chilean hydropower developer owned by US-based AES Corp., said on Wednesday that it has taken out $50 million in debtor-in-possession (DIP) financing as part of a reorganization of its finances with its creditors. The DIP financing was approved by the court handling its Chapter 11 bankruptcy protection in the United States, the company said in a securities filing. Of the financing, an initial $20 million will be made available immediately and the rest will be provided at a later da

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