Mexico's Waldo's Heads to Finish

Mexico's Waldo's Heads to Finish


Syndications for Waldo's, a Mexican discount retailer, are heard to be nearly complete, according to bankers close to the deals. Waldo's is raising $120m in a two tranche loan – a $70m 5-year A-tranche at 450bp over Libor, and a second lien $50m B-tranche at 750bp over. The two tranches were flexed up by 50bp and 100bp respectively three weeks ago, reflecting participants' wariness on participating in a highly levered transaction. The book is now heard to be practically full, with a few signings

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