Grupo EPM improves its debt maturity profile with execution in subsidiaries

EPM Group has improved its debt profile through recent debt management operations subsidiaries in Chile and Panama, which were executed with the aim of reducing short-term cash requirements.

The operations were defined by the eventuality of the Hidroituango project and complement the internal actions undertaken to optimize the expenditures and investments, as well as sale of badets to maintain the investments in the infrastructure of the public services .

In Chile, taking advantage of the adequate financial conditions of the market, Aguas Antofagasta extended the term of the US $ 430 million five-year credit line with Scotiabank and Scotiabank. State of Chile. This transaction refinances the credit obtained by the Company in 2015 and the term of which was agreed for February 2019.

The Panamanian subsidiary Elektra Nordeste has announced the signing of a credit line with Scotiabank to Panama for US $ 100. millions of dollars and a five-year term, also extending the duration of the existing debt. The execution of these operations improves the profile of the EPM group's debt, increasing its average life from 5.9 to 6.3 years.

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