S&P gives BBB to Buffalo Energy notes

S&P said Buffalo Energy Mexico Holdings SA de CV, Buffalo Energy Infrastructure SA de CV and Buffalo Energy SA de CV (collectively, Valia Energia or the project) issued $530 million senior secured fully amortizing notes due in 2039 at a 7 7/8% fixed rate.

As expected, the notes will be backed by the revenues generated from Valia Energia's asset portfolio.

Following the transaction's completion, on Jan. 18 S&P said it assigned its BBB rating to the issuance.

S&P said the outlook on the project debt is stable.

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