June 16, 2021 |
Argentine power generation company Central Puerto said Tuesday it is seeking an extension on a $36 million loan payment, saying that official restrictions on buying dollars have pushed it to default on the loan.
The payment, which fell due on Monday, is from a $180 million syndicated loan that the Buenos Aires-based company took out in June 2019 from Citi, JPMorgan and Morgan Stanley, Central Puerto said in a securities filing. The company used the money to help finance the purchase of the natur
Argentine power generation company blames capital controls for default on $36 mln payment