[ad_1]
new york, January 24, 2024 /PRNewswire/ — Natixis Corporate & Investment Banking (Natixis CIB) has successfully completed a total of two senior secured financings. $883 million Two adjacent water assets owned by portfolio companies of leading alternative investment firm Patria Investments (Patria) latin america. The financed assets consist of the 1,000 liters per second Aconcagua desalination plant in the Valparaíso and Metropolitana regions and the 109 km San Isidro Quirapilón water pipeline. Chile. Natixis CIB acted in conjunction with the three international banks as joint lead arranger, joint bookrunner, joint syndication agent, hedge provider and joint green loan coordinator.
The transaction will support the development, construction, operation and maintenance of desalination plants and pipelines for the transport of treated and/or desalinated water. The project is the region’s first multi-client desalination plant and will help reduce inland water usage by customer industries, helping to alleviate India’s water scarcity situation. Chile Because of climate change. This transaction is firmly aligned with Natixis CIB’s green and sustainability goals and strengthens Natixis CIB’s regional and sector expertise and leadership.
“Natixis CIB has a long-standing and successful lending infrastructure with over 15 completed transactions in the Latin American region. Chile Over the past three years. Water has become an increasingly important area in the infrastructure sector due to increasing water scarcity and increasing societal interest in the efficient use of water by industrial processes. There are strong tailwinds blowing in the water sector, and further activities are expected not only in the water sector. Chile But the same is true throughout Latin America.” Aitor Alaba, Managing Director and Head of Infrastructure and Energy Finance Latin America at Natixis CIB. “We are thrilled to have accompanied Patria on this groundbreaking transaction and look forward to continuing to support Patria’s growth.” latin america. ”
“This milestone is another step towards Aguas Pacifico’s goal of providing solutions to the region’s problematic water supply issues and is evidence of our investment commitment to the project.” Jose Mestres, a partner in Patria Investments Infrastructure Group. “The seven-year contract period will allow Aguas Pacifico to overcome the current debt market volatility and secure project financing at a competitive price. Aguas Pacifico and Patria are committed to this project. We are very proud to be able to secure project funding while partnering with world-class financial institutions such as the “Non-Recourse Scheme,” Mestre added.
About Aguas Pacifico
Aguas Pacifico’s Aconcagua project consists of three main components: (1) The Aconcagua Seawater Desalination Plant in the Bay of Quintero (the “Desalination Plant”). It consists of a seawater intake submersible pipeline, a saltwater use submersible pipeline, and a 1,000 liter/second reverse pipeline. an osmotic desalination plant, a 110 kV transmission line (1 km) connecting the desalination plant, and a 28 km buried water pipeline between the plant and San Isidro (near Quirota). (2) San Isidro – Quirapirun Aqueduct (“Water Pipeline”); It consists of a pumping station, a 23 kV transmission line (5 km) connected to the pumping station, and 76 km of underground water pipelines, including 6 km of tunnels. (between San Isidro and Quirapirun), La Dormida, Tiru Tiru, Quirapirun distribution tanks, and (3) a 110/23 kV substation located on the site of the desalination plant. place”).
About Patria Investments
Patria is a leading alternative investment firm focused on: latin americahas a history of 35 years and is under comprehensive asset management. $28.2 billion, has a global presence with offices in 10 cities on 4 continents. Patria aims to provide consistent returns with attractive long-term investment opportunities that enable portfolio diversification through private equity, infrastructure, credit, public equity and real estate products. Through its investments, Patria aims to transform industries and eliminate bottlenecks, generating attractive returns for investors and creating sustainable value for society. For more information, please visit www.patria.com.
About Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution providing advisory, investment banking, lending, corporate banking and capital markets services to corporations, financial institutions, financial sponsors, sovereign and supranational organizations around the world.
Our team of experts from around 30 countries advises clients on strategic developments, helping them grow and transform their businesses and maximize their positive impact. Natixis CIB is committed to aligning its lending portfolio with a carbon-neutral path by 2050, while helping clients reduce the environmental impact of their operations.
As part of the Global Financial Services division of Groupe BPCE, the world’s second largest banking group France Natixis CIB benefits from the group’s financial strength and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch: A+, R&I: A+) through its Banque Populaire and Caisse d’Epargne retail networks .
Press contact:
Tara FlanaganProsec Partners
Phone: +1 646 818 9022
[email protected]
cib.natixis.com
linkedin
YouTube
podcast
Our information is authenticated with blockchain technology.
Verify this press release is authentic www.wiztrust.com.
Source Natixis
[ad_2]
Source link
