Brazil's Energisa to raise $627 mln with help of BNDES and banks

September 21, 2015 10:26 PM

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BRASILIA, Sept 21 Brazilian energy company Energisa said on Monday it reached a deal with state development bank BNDES and a group of banks to raise 2.5 billion reais ($627.46 million) to strengthen its capital structure and expand its network of subsidiaries.

The financing for Energisa, owner of 13 power distribution concessionaires, will be structured via a capital increase worth 250 million reais by the company's main shareholders. Banks Itau Unibanco, Bradesco, BTG Pactual, Citibank and BNDES will give Energisa a loan of 1.250 billion reais.

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