Kansas City Southern de Mexico Amends Facility

Kansas City Southern de Mexico Amends Facility

Mexico Loans

Kansas City Southern de Mexico (KCSM) has announced an amendment and extension to its $200m revolving credit facility, with changes that seek to put its covenants in line with those of investment-grade-rated companies, it says. The facility’s maturity moves to November 2017 from September 2016. It also adds a provision that converts its facilities from secured to unsecured when it hits investment grade ratings with two of three agencies. It currently has one, a BBB minus from Fitch. S&P has the

Already have an account?

Free trial

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

Free Trial