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MSU Energy places $250MM, brings debt out to $850MM

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Argentine power company MSU Energy closed a private placement of $250 million principal amount of five-year senior notes payable at a floating rate tied to a 1,125 bps spread over three-month LIBOR. The notes are guaranteed by certain assets related to the expansion of the company’s total installed capacity to 750 MW and by a pledge of equity.The company said it would use proceeds to finance the combined cycle expansion, repay short term debt......
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