The banks approved a loan to the Triple A company for $ 100,000 million in a show of confidence when the doors to national and international financing are opened again.
According to a company statement, the agreement was signed with the bankss Itaú, Bogotá, Bancolombia, Soctiabank, Colpatria, Banco GNB Sudameris and de Occidente.
The credit amounts to approximately $ 100 billion for a term of five years that includes a one-year grace period for principal. Thus, with the support of the Triple A banks, it achieved an annual reduction of between $ 5,000-10,000 million in its debt service, releasing the pressure on the cash, noted the press release.
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“We have established ourselves as a solid, reliable and profitable company. Thanks to this, we have strengthened ties of trust with local banks. It is not only about acquiring new loans, it is about improving our credit rating and deepening our relationships with the national and international financial system. This is part of our expansion and growth plan ”, stated Angela Ortiz, general manager (e).
He added that “The signing of this agreement is a firm step in your financial consolidation with a view to better risk management. In 2017, the company went through administrative and reputational difficulties that affected its relationship with banking. Nowadays, with the transparent exercise and the cleaning of the company, they attest to a new direction and this is how the company is once again positioned as a home public services company with high indicators of quality, compliance and financial solidity ”.
BALANCE SHEET 2020 AND INVESTMENT PROJECTION 2021
The statement highlights that “In 2020, the company developed strategies and executed an investment plan for more than $ 160,000 million that allowed it to continue providing services with quality and continuity, even during the health crisis”.
Finally, he highlighted that “Triple A closed the year 2020 with net profit of around $ 94,000 million, a growth of 20% compared to the previous year”.
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