ATOME Secures In-Principle Approval for $135 Million Financing from European Investment Bank for Villeta Project
ATOME announced that the Board of the European Investment Bank (“EIB”), the lending arm of the European Union, being part of ATOME’s consortium of senior debt providers, has approved a financing in-principle of up to USD 135 million for the flagship Villeta Project (“Villeta” or “the Project”). The Board of EIB has announced that they have approved in-principle up to USD 135 million of senior debt finance for the Villeta Project. EIB is one of ATOME’s senior debt providers for Villeta and the announcement follows the Green Climate Fund approval earlier this month.
EIB, the European Union’s long-term lending institution, wholly-owned by its 27 member states, is one of the world’s largest multilateral financial institutions, having invested ?270.1 million into Paraguay since 1959 and is a leader in climate finance, targeting to mobilise ?1 trillion in climate and environmental investments before 2030. Details of the financing will be finalised in early course, following regular Stage II processes and closing of the debt package together with the consortium of leading international development finance institutions. Formation of the equity consortium is progressing with ATOME targeting to close out FID by end September.
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ATOME Secures In-Principle Approval for $135 Million Financing from European Investment Bank for Villeta Project, source
