Milano Syndicates $190m Leveraged Loan

Milano Syndicates $190m Leveraged Loan

M&A

Mexican retailer Milano has launched a $190m leveraged loan to refinance debt and pay for the acquisition of other retailers, including Melody, say bankers close to the process. The deal pushes the boundaries of the LatAm loans market in the current global volatility by being sponsor-backed, leveraged and denominated partly in local currency. The Advent-owned retailer is looking to raise as much of the transaction as it can in pesos. It will offer 275bp over TIIE or Libor out of the box for a $1

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