Los Lagos takes out loan

Los Lagos takes out loan

Loans Project & Infrastructure Finance Toll Road Chile Italy

Sociedad Concesionaria de Los Lagos, a toll road operator in southern Chile, said Friday that it has taken out a three-part loan for a total of UF2.5 million ($92.4 million) from Banco de Chile for working capital and investments. The company, which is controlled by Italian highway operator Autostrade per l'Italia, said the loan is structured in three tranches and denominated in unidades de fomento, or UF, a unit of account that is adjusted for inflation. The first tranche is for UF907,000 and w

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