Abengoa Teyma successfully completes its Debt Restructuring
- The company has signed a US$ 30 million long term financing.
- It will be used for the repayment of existing indebtedness and to provide new money for the development of existing and new projects.
Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors, has completed the debt restructuring of its subsidiary Abengoa Peru, with the signature of a US$ 30 million long term financing with Darby Overseas Investments, that is going to be used for the repayment of outstanding debts and to provide new liquidity for the development of current and future projects.
With this new debt profile, the Company will have more operational flexibility to develop its backlog, to bid in new projects and to maintain its status as one of the most relevant players in Peru in its field of operations.
Atlantico Capital acted as exclusive financial advisor to Abengoa Peru in the closing of the facility, with RC Law and Rebaza, Alcazar & De las Casas acting as borrower’s New York and Peruvian counsels respectively. Clifford Chance and Echecopar Baker & Mckenzie acted as New York and local counsels to the lender.
About Abengoa
Abengoa (MCE: ABG/P:SM) applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors. (www.abengoa.com)
About Abengoa Peru
Abengoa Peru is an engineering and construction and O&M provider company fully controlled by Abengoa Group (www.abengoa.com). Founded in 1994, it is the local leader in construction and operation and maintenance of high voltage transmission systems in Peru, as well as one of the leading companies in the field of construction of mining, water and energy projects.
About Darby Overseas Investments
Darby Overseas is a private equity investor providing solutions of debt and equity with a deep involvement in the field of emerging markets infrastructure. Through extensive infrastructure experience, Darby targets investments in middle market transactions in sectors such as transportation, energy, telecommunications, waste management and water treatment.
