Cencosud Gets in Early with $480m Loan

Cencosud Gets in Early with $480m Loan


Chilean retailer Cencosud will launch Tuesday syndication of a $480m 5-year amortizing loan whose proceeds will pay for the acquisition of Brazilian grocery chain G. Barbosa. Santander is leading the highly sought after transaction, which already counts on BBVA and BNP as bookrunners. The financing is being launched very late in the year, though bankers close to the process say this is part of a strategy to get in ahead of the January rush. A glut of loan financing is expected in as poor credit

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