May 17, 2018 |
A joint venture (JV) between France's EDF and Chilean electric company Andes Mining & Energy (AME) has tapped banks to help fund its $300m acquisition of thermal power projects from AES Gener in Chile, sources familiar with the financing have said.
The JV, known as Generadora Metropolitana, secured a seven-year $150m club loan from the following banks:- BNP Paribas- Credit Agricole- MUFG- Scotiabank and- SMBC
The JV sought out banks for 75% of the transaction value, according to a statement
Generadora Metropolitana pens $300m acquisition of thermal plants in Chile, secures at least $150m from commercial banks