Frisco Launches Acquisition Loan

Frisco Launches Acquisition Loan

Mexico Loans

Minera Frisco has launched a $1.1bn, 5-year loan to fund the $750m acquisition of mining assets announced this week. The term loan, of which $750m will be used for the acquisition and $350m for refinancing other debt, is expected to close before the end of the year, subject to the closing of the acquisition. It is secured by shares of the target, says a person familiar with the transaction. Bank of America Merrill Lynch, which advised Frisco on the acquisition, is managing. The Mexican mining co

Already have an account?

Free trial

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

Free Trial