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Abengoa Lines Up $1.7 Billion From Funds Led by KKR, Oak Hill

  • Others funds in deal include Centerbridge, DE Shaw and Varde
  • Company publishes new business plan, refinancing agreement

Abengoa SA lined up international investors including Elliott Management Corp., KKR Co. LP and Oak Hill Advisors LP to inject as much as 1.8 billion euros ($2 billion) of new liquidity to help the renewable energy producer avoid insolvency.

The investing companies together with Attestor Capital LLP, Centerbridge Partners LP, D.E. Shaw & Co. and Varde Partners LP have been working with Abengoa “with a view to acting as anchor investors for the new money facility,” and their intention would be to provide the company with new loans, Abengoa said Wednesday in a regulatory filing.