The transaction entails working capital, debt restructuring and project development
Bogota, COLOMBIA - February 12, 2020
A Colombian industrial conglomerate with activities in logistics, railways, port operations, metallurgical and thermal coal production, and electricity generation mandates Excend with a transaction of $310MM to restructure existing financial obligations, provide working capital for company operations, as well as an injection of new equity in the company to develop macro-level projects enhance domestic electricity production in Colombia.
The transactions will not only benefit the operations and profitability of the conglomerate but will also positively impact the capacity of Colombia's energy production and grid to handle anticipated increases in domestic electricity demand
About Excend
Excend provides investment banking services to middle market organizations.