23 June 2017

Financial closure for Libramiento Elevado de Puebla, México

The concession Company  Libramiento Elevado de Puebla, S.A. de C.V. reached with Banco Mercantil del Norte, S.A. (Banorte), an 18‐year term credit contract for up to 3,500 million Mexican pesos at a rate of Tasa de Interés Intercambiaria de Equilibrio (TIIE) in addition to certain financial margin of up to 250 basis points during the first 10 years.

The credit facility has two tranches, the first tranche of 1,500 million Mexican pesos and the second of 2,000 million, which placement is subject to the Concessionaires levels of traffic.

The proceeds from this transaction will be mainly allocated to complete the construction payments made in the development of the Puebla Elevated Bypass.  

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