Grupo Mexico Mines for Jumbo Loan

Nov 17, 2009

After getting a court decision giving it control over bankrupt US miner Asarco, Grupo Mexico is rolling out a new jumbo M&A loan to finance the acquisition. The dual currency facility totals $1.5bn and is targeting a December close, say bankers close to the deal. Grupo Mexico is shooting for a BBB minus rating, which would result in a spread...

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