Waldo's Chugs Along

Waldo's Chugs Along

Loans

Syndication of a $120m two-tranche loan for Mexican low-end retailer Waldo's is moving along slowly but surely, according to bankers close to the transaction. The book on the facility, which has a 5-year $70m senior piece paying 400bp over Libor and a 7-year $50m junior portion paying 650bp over, is heard to be more than halfway filled, says a person close to the deal. Bankers away from the transaction were curious to hear how it was shaping up, given the fact it is so highly levered, involves a

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