Mexican Steelmaker Prepays Loan

Mexican Steelmaker Prepays Loan

M&A

Mexico’s Grupo Simec has prepaid a $120m loan used to help finance its May acquisition of Corporacion Aceros. The one year loan was taken out at the time of the $850m acquisition, CFO Jose Flores tells LatinFinance, at a rate of Libor+145bp. He says

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