Relevant Information guarantees Pintada

 Odinsa S.A. informs that today it signed several contracts and guarantees within the process of restructuring the debt in dollars from its subsidiary Concesión La Pintada S.A.S. (“The Concessionaire”), in which it has a 78.85% shareholding. 

The said restructuring was carried out with the following international entities: Itaú Corpbanca (New York Branch), Sumitomo Mitsui Banking Corporation, BNP Paribas and CDPQ Revenu Fixe Inc., for a total value of up to $ 278 million. 

Odinsa S.A. as a shareholder and member of the EPC contractor consortium, signed the modification of the following documents: i) the security interest on the shares of the Concessionaire, ii) the security interest on the subordinated debt that the shareholders of the Concessionaire have granted it, iii) the conditional transfer of the EPC contract, iv) the promoter agreement, and, v) the direct EPC agreement. 

The restructuring will allow the Concessionaire to improve the profile of its financial debt 

and pay its shareholders part of the subordinated debt.