BNDES Extends Loan Maturity Date By Three Years


News: Brazil's national development bank BNDES has extended the maturity date of the BRL518mn (US$235mn) bridge loan it had granted to LLX Açu by three years. The company has signed an agreement to roll forward the principal amount and accrued interest of the loan signed in February 2012. The interest rate of the loan will be paid annually. The funds will be used to finance work, such as hydraulic landfill, dredging and construction of breakwater, along with the construction of the Açu Superport.

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Sector: Freight Transport, Shipping
Geography: Brazil, Brazil, Brazil, Brazil