SOURCE: MPX Energia S.A.

February 28, 2008 10:13 ET

MPX Signs UTE Porto do Pecém Bridge Loan

US$ 270 Million Bridge Loan From Citibank and a Syndicate of Banks Will Support the Implementation of UTE Porto do Pecém Project Until the First Disbursement by IDB and BNDES Under the Long Term Financing

RIO DE JANEIRO, BRAZIL--(Marketwire - February 28, 2008) - MPX Energia S.A. (Bovespa: MPXE3), the company with nine power generation projects under development consisting primarily of coal-fired thermoelectric plants, with a totally integrated concept and strategically located at the main ports and super ports in Brazil and Chile, informs that it has signed bridge loan contracts, of an equivalent amount of US$ 270 million, with Citibank and a syndicate of banks aiming to partially fund UTE Porto do Pecém project. The bridge loan will be replaced with recourses arising from the long term financing.

The bridge loan contracts, of an equivalent amount of US$ 270 million, were signed with Citibank, as the leader bank, and a syndicate of banks composed by Banco do Brasil, Banco Espírito Santo, Grupo Banco Comercial Português, ING Bank, and West LB. The bridge loan will be terminated with the first disbursement by IDB (Inter-American Development Bank) and BNDES (Brazilian Development Bank) under the long term financing. UTE Porto do Pecém project has already secured eligibility for IDB and BNDES long term financing.

Contact Information

  • For additional information, please contact:

    Andrea Pereira
    Manager of investor relations
    Phone + 55 21 2555-5279