Isolux Corsan Extends its Debt Until 2020

Jul 23, 2015, 04:00 ET from Isolux Corsan

MADRID, July 23, 2015 /PRNewswire/ --

Isolux Corsan extends its main syndicated loan to 2020. The Company reached the percentage of approvals required by the syndicate of banks, resulting in the extension of €263 m from 2017 to 2020.

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The Company welcomes this transaction, given not only the improvement on the maturity profile of its debt, but also on its covenant levels and a decrease in prices that will be put in place with this new extension.

The Group is very satisfied with the outcome of this operation as it proves the support and confidence of financial institutions on the Company.

About Grupo Isolux Corsan 

Isolux Corsan Group is a global benchmark in energy, concessions, construction and maintenance of major infrastructure and operates in 40 countries on four continents. In the energy sector, Isolux Corsán is one of the leading operators in the world in energy T&D installation and maintenance, one of the largest builders of EPC projects in the solar photovoltaic industry, and occupies an important position among large builders of power plants under EPC contracts.  

In addition, the Group holds concessions for 27,000 parking spaces in Spain and manages, through its subsidiary Isolux Infrastructure, concessions for 5,959 km of transmission lines in Brazil, India and the U.S; 1,643 km of highways in India, Brazil, USA, Mexico and Spain and promotes and manages 326 MW of solar PV power plants in Spain, the U.S., India, Italy, Japan, Mexico, Peru and Puerto Rico. 

SOURCE Isolux Corsan