Cencosud Argentina Clinches A/B Funds

Cencosud Argentina Clinches A/B Funds

Loans

Chile-headquartered retailer Cencosud has landed $140m in loans from the IFC and three commercial banks for its Argentine unit. A $90m syndicated B loan carries a margin of Libor plus 110bp for 5 years, with a 2-year grace period. ABN AMRO, BBVA and Santander formed a club to lend the funds, all of them taking MLA and bookrunning titles. The IFC provided $50m in long dated funds, heard at 8 years, with an undisclosed margin. While proceeds go to an Argentine company, banks are heard to have fram

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