Central Puerto asks for loan extension

Central Puerto asks for loan extension

Corporate & Sovereign Strategy Loans Electricity Energy M&A Debt Latin America South America Argentina

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

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