Transelec Closes Revolver

Chilean power transmission company Transelec has closed a 3-year $180m credit facility, it says. Joint lead arranger and administrative agent Scotiabank provides $100m, with Bank of Tokyo putting up $50m and DNB Nor $30m. The interest rate was not disclosed, and officials at the borrower decline to comment. The proceeds are destined to help fund Transelec’s development plan.