July 11, 2017 |
Citi, Credit Suisse and EDC negotiate a juicy spread on the roughly $220m five-year loan, sources have saiud
Citi, Credit Suisse and Export Development Canada expect to wrap
up the syndication process for a roughly $220m loan to GE and YPF before the
end of the month.
its energy investing unit GE Energy Financial Services, and YPF Energia
Electrica, a wholly owned subsidiary of the Argentine energy company will use
proceeds for two jointly-owned thermal power facilities in Argentina – the 267
MW Tucuman and 107 MW Loma Campana II projects.
GE is the
EPC contractor on both facilities. Both are more than halfway through
construction, according to a joint statement from YPF and GE.