Brazilian water and sanitation company Aegea Saneamento has announced a $600 million financing package, comprising a $480 million syndicated ESG loan and an upcoming bond issuance in the local market, reports Latin Finance.
According to a securities filing on Friday, the loan was secured with a consortium of local and international lenders and is set to be finalized in March. The five-year facility will carry an interest rate of SOFR plus 3.4%, as outlined in minutes from a board meeting.
To complete the financial arrangement, Aegea plans to issue BRL 720 million ($120 million) in debentures maturing in 2030, priced at the DI interbank lending rate plus 2.45%. The company emphasized that the loan qualifies as a “blue” loan due to “the allocation of the proceeds to projects focused on environmental preservation and sustainable use, and recovery of water resources and marine ecosystems.”
