Alfa Commitments Roll In

Alfa Commitments Roll In


Mexican conglomerate Alfa has received commitments from 6 banks for its $600m 3-year syndicated loan, according to bankers with knowledge of the transaction. Inbursa has already pledged $100m, the bankers say. The commitment deadline is December 7, with signing expected by 15 December. It is offering a spread of 300bp over Libor, linked to a leverage grid, on the deal to back the $600m purchase of Eastman Chemical assets in the US. Credit Suisse and HSBC are the leads. Alfa’s purchase of Eastman

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