OHL México S.A.B. de C.V. (“OHL Mexico” or “the Company”) (BMV: OHLMEX), a leading Mexican pure-play transportation infrastructure concession operator announced today that its subsidiary, Controladora Vía Rápida Poetas, S.A.P.I. de C.V. (“Poetas”), in which it has a 50% stake, successfully obtained a loan for Ps. 700 million. The participating banks were Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de Credito, Institucion de Banca de Desarrollo and Banco Mercantil del Norte, S.A., Institucion de Banca Multiple, Grupo Financiero Banorte.
The proceeds of this loan will be used by OHL Mexico’s subsidiary to finance construction of the concession extension granted to Poetas on July 12, which is an additional elevated tranche of approximately 2 kilometers in length, to connect with Autopista Urbana Sur over the Periferico highway.
