Odinsa toll road signs bridge loan

Odinsa toll road signs bridge loan

Loans Project & Infrastructure Finance Toll Road Debt Colombia

Concesión Vial de los Llanos, a toll road concessionaire owned by Colombian infrastructure operator Odinsa, said it has signed a bridge loan with Itaú Corpbanca to get construction underway, according to a securities filing. Odinsa put up its shares in Vial de los Llanos as collateral for the COP120 billion ($29.3 million) bridge loan and for subordinated debt provided by the concessionaire's shareholders. The Medellín-based builder said its 81% stake in Vial de los Llanos has a book value of CO

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