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Article: AES Completes Remaining Brazil Debt Restructuring; AES Sul Holding Company Loan Restructured.
- Article from:
- Business Wire
- Article date:
- June 28, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va. -- The AES Corporation (NYSE:AES) today announced the final debt restructuring of its Brazil portfolio, bringing its total project debt restructuring for the past six months to $2.7 billion. A holding company for AES Sul Distribuidora Gaucha de Energia S.A. ("AES Sul") reached agreement with its syndicated lenders to restructure a $316 million loan facility. AES Sul is a distribution company serving 1,000,000 customers in the state of Rio Grande do Sul in southern Brazil.
The agreement with the syndicated lenders successfully resolves all outstanding defaults and extends the term of the facility to 2011 thereby restructuring future payments to ...