The subsidiary of Abengoa in Peru signed a new long-term funding of up $30 million (EUR 26.45 million) with the fund Darby Overseas Investments, according to company reports.
This line of credit will be used for debt payment and to provide the company with additional liquidity to develop current and future projects in Peru.
This new debt profile will give the company more operational flexibility to develop and improve their current portfolio and to get new and bigger projects, all this in order to keep a high position in the industry field which they take part in the Peruvian market.
Atlantico Capital Partners served as the exclusive financial advisor of Abengoa Peru during the closing of the transaction. RC Law and Rebaza, Alcázar & De Las Casas were the legal representatives of New York and Peru subsidiaries accordingly. Clifford Chance and Echecopar Baker & Mckenzie were the lawyers of New York and locals for the lender.
Source: https://www.eleconomista.es