ICBC and Agricultural Bank of China contribute to $120 million syndicated loan for Ameris Capital acquisition of Mejillones LNG facility

On August 7, 2019, ICBC, Agricultural Bank of China, and Industrial Bank of Korea (IBK) issued a $120 million syndicated loan to Ameris Capital AGF to finance its acquisition of a 37% equity stake in Sociedad GNL Mejillones (liquified natural gas) regasification terminal in Chile’s Antofogasta region—through a consortium led by InfraPartners Management LLP (IMP) Korea. The loan carries a 4-year maturity and an unknown interest rate. Ameris Capital AGF successfully purchased a 37% equity stake in the Mejillones LNG for a total of $193.5 million from the Chilean state-owned mining company Codelco on August 6, 2019. The 5.5 million cubic meter LNG facility is controlled and operated by French energy giant Engie who holds a 63% equity stake. Official statements from Ameris Capital indicate that its equity stake was acquired by Ameris Capital Administradora General de Fondos (through one of its investment funds known as Ameris Infraestructura I or Ameris Intraestructura Fodo de Inversion Fund.

Additional details

1. The exact size of ICBC and Agricultural Bank of China’s contribution is unknown. For the time being, AidData assumes that all 3 known members of the lending syndicate contributed equally ($40,000,000) to the $120 million loan.

Number of official sources

1

Number of total sources

10