MSU Energy Group $230 million financing

Overview:

• UENSA and UGEN (MSU Energy Group) received $230 million in syndicated secured loans.
• The loans will finance the construction and operation of UENSA’s 150MW thermoelectric power plant in Villa María and UGEN’s 150MW thermoelectric power plant in Barker.
• Industrial and Commercial Bank of China and Banco de Galicia y Buenos Aires acted as arrangers.
• Local banks also included Banco Hipotecario, BACS Banco de Crédito y Securitización and Banco Macro.
• General Electric Company acted as as EPC off-shore and on-shore contractor. 
• Over the past year, the country has seen several developers and and borrowers obtain financing for the construction of power plants. In February 2017, Stoneway Capital Corporation offered project bonds to finance four simple-cycle power generating plants. Recently, YPF and General Electric obtained $219.5 to finance two thermoelectric power plants. 

Rani Mehta - Journalist