Founded in 2010 to execute the national transportation expansion plan of Guatemala, Trecsa has successfully built and currently operates over 700 km of transmission lines and 21 substations and currently holds a significant 32% share of the country's 230kV grid.
In 2023, Trecsa approached PGIM seeking to refinance a project loan that was used to advance the construction of a power transmission line. PGIM's Mexico City office coordinated with the Real Assets Power team to create a funding solution that combined technical knowledge and regional presence and, in 2025, PGIM was able to provide $55 million in Senior Unsecured Notes to the Company.
Grupo Energía Bogotá chose to work with PGIM for their inaugural private placement due to our experience in the power sector and our ability to support complex projects in the Latin American region. In addition, they appreciated our reputation as a relationship-focused provider, the trust and personal relationships we were able to establish between their leadership and PGIM leadership, and our ability to provide long-term capital solutions.
We were pleased to be selected to participate in Trecsa's first private placement, and we look forward to continuing our partnership with them in future transactions.
