Cox Group Took 54% Bridge Loan for Deal to Buy Iberdrola Mexico
AI Summary
The Cox ABG Group, a Spanish utility company, secured a 54% bridge loan to fund a $4.2 billion acquisition of assets in Mexico. Shares were used as collateral to complete the deal.
Spanish utility Cox ABG Group SA took a 54% bridge loan to help fund a $4.2 billion asset acquisition in Mexico and placed shares as collateral.
Markets Deals Real Estate Energy Cox ABG Group bridge loan asset acquisition Mexico energy sector utility shares collateral