Edesur Secures $49 Million Syndicated Loan

Argentine electricity distributor Edesur has secured a $48.8 million syndicated loan with a group of six banks. The loan, which expires February 2010, was signed with ABN AMRO, Banco Comafi, Banco Hipotecario, JP Morgan Chase Bank, BNP Paribas and Banco Río de la Plata. The loan will be used to refinance debt, according to the company. The loan has three amortizations and a grace period of two-and-a-half years.