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Abengoa Banks Said to Agree Initial Terms for Loan to Pay Bills

Abengoa SA creditors, including Banco Santander SA and HSBC Holdings Plc, have reached a preliminary agreement to provide the distressed renewable-energy company a 113 million-euro ($122 million) credit line to pay wages and suppliers through the end of the year.

The final deal is expected to be signed early next week, according to two people familiar with the talks, who asked not to be identified because they’re not authorized to speak publicly. The banks’ risk committees still have to approve the loan, the people said. Spanish news website El Confidencial reported the agreement earlier Friday.