TGS Targets December Closing for $1.4 Billion NGL Project Financing
Transportadora de Gas del Sur S.A. (TGS) has announced its progress regarding the financing of its Natural Gas Liquids (NGL) project. The company expects to close a syndicated loan of approximately $1.4 billion by December. This capital injection is central to the company's strategic expansion and infrastructure development. In addition to securing funding, TGS management provided guidance on its debt profile, targeting a peak net leverage ratio below 2.5x. The announcement follows recent economic developments in Argentina, as noted by CFO Alejandro Basso regarding statements from the Minister of Economy.
Tickers: $TGS