CentAm Sugar Specialist Chases Loans

CentAm Sugar Specialist Chases Loans

Central America

Pantaleon, a Guatemalan sugar producer and among the largest of its kind in Central America, is in the process of raising $90m in various credit facilities to finance its expansion as sugar prices climb, say executives familiar with the process. The company is heard to have clinched a $20m 2-year secured export facility directly with Deutsche Bank. The loan, which is collateralized by sugar export contracts, is heard paying north of 300bp over Libor. Another 2-part A/B facility led by the IFC is

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