Lamosa Wraps up $900m Leveraged Financing

Lamosa Wraps up $900m Leveraged Financing

Mexico

Mexican home improvement products retailer Lamosa has wrapped up a financing package worth $900m, the proceeds of which were used acquire tile maker Porcelanite. A $675m, 4.7 average life dual currency syndicated loan was led by Scotia, and includes a $357m dollar tranche and a $243m peso tranche, both of which pay 200bp over either Libor or TIIE out of the box, at 3.0x-3.5x leverage. A $75m 3-year revolving credit line also includes both pesos and dollars. Other lenders include BBVA, Banamex, C

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