OHL Mexico S.A.B de C.V. (“OHL Mexico” or “the Company”) (BMV: OHLMEX), announced that on September 25, 2017, it entered into a loan agreement for a maximum of Ps. 5,310 million with an initial 10-year term extendable to a maximum 20-year term and at an interest rate equivalent to Tasa de Interés Interbancaria de Equilibrio (“TIIE”) plus an increasing financial spread of between 275 and 350 basis points during the first 8 years of the loan. This transaction was carried out between its subsidiary, Concesionaria AT-AT, S.A. de C.V. (“the Concessionaire”) and a syndicate of banks comprised of Banco Santander (Mexico), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (“Santander”); Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (“Banobras”); and Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa (“Inbursa”). The loan proceeds will be used to partially finance investments for the construction and start-up of the Atizapán – Atlacomulco highway (“the Project”).
Additionally, the Company signed a contract to open a revolving credit facility for a maximum of Ps. 1,165 million for a 2-year term with Inbursa and Banobras, at an interest rate equivalent to TIIE plus a financial spread of 200 basis points. The loan proceeds will be used to finance the Project’s value-added tax (VAT) requirements.
