Panama’s General Upsizes Term Loan

Panama’s General Upsizes Term Loan

Loans

Banco General, the Panamanian bank, has raised $160m through a 2-tranche syndication. A 2-year $90m A tranche pays Libor plus 75bp, while a 3-year $70m B portion offers Libor plus 85bp. Up front fees for both pieces are as follows: 30bp and 50bp for $15m tickets; 20bp and 40bp for $10m tickets; and 15bp and 30bp for $5m commitments. Unicredit and BNP Paribas led the facility, a refinancing originally targeting $100m, which was upsized based on demand. The transaction was oversubscribed by more t

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