Alfa Offers Spread on Acquisition Loan

Alfa Offers Spread on Acquisition Loan

Mexico Loans

Mexican conglomerate Alfa 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. Invites have been sent out but meetings have not been fixed, according to people close to the transaction. Meetings are expected first in Mexico City, followed by New York. Credit Suisse and HSBC are the leads. Alfa’s purchase of Eastman’s polyethylen

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial