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GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES SECOND LIEN TERM LOAN INVESTMENT IN FERROCARRIL CENTRALGlobeNewswireJuly 14, 2020New York, NY, July 14, 2020 (GLOBE NEWSWIRE) -- Global Infrastructure Partners (“GIP”), a leading global, independent infrastructure investor, announced today that its credit fund, GIP Spectrum Fund, L.P., along with its affiliates (together “GIP Spectrum”, “Spectrum” or the “Fund”), previously closed on a $67.5 million participation in an aggregate $75.0 million Second Lien Term Loan investment (the “Term Loan”) in Grupo Via Central S.A. (“GVC”). GVC was established by Sacyr, NGE, Saceem, and Berkes (collectively “the Sponsors”), to design, construct, rehabilitate and maintain a 273 kilometer freight railroad connecting central Uruguay to the capital port city of Montevideo (“Ferrocarril Central” or the “Project”). The Project is underpinned by availability payments via a Public Private Partnership contract (the “PPP Contract”) between GVC and the Government of Uruguay (“GoU”) through the Ministry of Transport and Public Works.
Source: AsiaOne