MMexican auto parts maker Nemak's $1.145 billion
dual-currency loan stood out in many ways, but most importantly
it marked a successful conclusion to its turnaround story. The
loan was part of a refinancing of restructured debt that
allowed it to free up collateral, lower funding costs and
loosen covenants so it could prepare for growth in the car
sector. The $1 billion deal was initially launched when there
was still liquidity in the syndicated loan market, says Alvaro
Fernández, president of...
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