Frisco Moves Ahead

Frisco Moves Ahead

Mexico Loans

Minera Frisco is advancing its $1.1bn, 5-year senior secured term loan facility, following bank meetings in Mexico and New York. Pricing is heard starting at Libor+325bp. Barclays, HSBC, JPMorgan and Scotia are heard to have emerged as senior MLAs. On offer are $75m lead manager and $50m participant tickets, at 75bp and 50bp, respectively. The borrower plans to use $750m of the proceeds for the acquisition of Mexican mining assets and $350m for refinancing other debt. The facility is secured by

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