Alfa Invites Banks to Loan

Alfa Invites Banks to Loan

Mexico Loans

Mexican conglomerate Alfa has set bank meetings for New York Tuesday and Mexico next Friday, according to bankers with knowledge of the transaction. It is heard to be offering a spread of 300bp over Libor on a leveraged grid for its syndicated loan to back the $600m purchase of Eastman Chemical assets in the US. A $600m 3-year bullet facility is expected to be syndicated. Credit Suisse and HSBC are the leads. Alfa’s purchase of Eastman’s polyethylene terephthalate resins business and related ass

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