Fishery Wriggling Free of Restrictive Loan

Fishery Wriggling Free of Restrictive Loan

Peru

Pesquera Diamante, among Peru’s top 4 fisheries by volume, is scheduled to be in New York today through Wednesday to meet with lenders. It is hoping to prepay an existing loan and raise a new facility with less restrictive covenants, says a banker who was invited to consider the new deal. It has mandated BBVA and Citi to lead the discussions with existing and new lenders. In August 2007, Diamante raised a $165m 5-year syndicated loan at Libor plus 350bp via Citi, with JPMorgan, BNP, BBVA and San

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