US$100-million loan for PSEG's Peruvian subsidiary
Elegia and its subsidiary Electroandes have taken out a US$100-million loan from a syndicate of banks comprising Banco de Crédito del Perú (BCP), who acted as the agent, Banco Continental, BankBoston, NA and Banco Wiese Sudameris. Elegia is a 100 per cent Peruvian subsidiary of PSEG, which recently acquired 99.67444 per cent of Electroandes. The transaction was concluded on December 12.
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