Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

SYNDICATED LOAN - Turning Around

Jan 19, 2012

Nemak

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...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

How busy will LatAm global-local currency debt issuance be this year?

Vote    



  1. Commodities dip raises LatAm growth fears
  2. Borrowing window risks rough closing: Garcia Moreno
  3. Institutional wealth – pension funds: The next generation
  4. Man of the year: Seize the moment
  5. Debt investor scorecard: Beating the benchmark
Follow us


Popular Searches


The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


Change font size: Switch to default font size Switch to medium font size Switch to large font size

All material is subject to strictly enforced copyright terms & conditions and cannot be repurposed or reproduced. © 2013 Latin American Financial Publications Inc.

Printing isn't available for this page.