IENOVA ANNOUNCES CORPORATE LONG-TERM CREDIT FACILITY.
Mexico City, March 13, 2020 Infraestructura Energ tica Nova, S.A.B. de C.V. ( IEnova ), informs that the U.S. International Development Finance Corporation (DFC) approved a long-term financing for IEnova for up to US$241 000,000.00 (two hundred and forty-one million dollars).
This is going to be part of the financing structure that the company closed in November 2019 with International Finance Corporation ( IFC ), a member of the World Bank Group, and North American Development Bank.
Subject to the execution of the relevant documentation, we expect to close the financing in the next few weeks.
The funds will be used to finance and/or refinance the construction of solar generation projects within IEnova s portfolio.
U.S. International Development Finance Corporation (DFC) is America s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
SGX - Singapore Exchange Limited published this content on 13 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2020 13:49:02 UTC