Comex Closes Loan

Comex Closes Loan

Mexico Loans Bonds

Mexican paint maker Comex has closed a 5-year MXP5.36bn ($407m) amortizing term loan and 3-year MXP700m revolver, according to people close to the deal. Pricing on the loan was tied to a total debt-to-Ebitda leverage grid, at TIIE+325bp out of the box, dropping to 200bp for below 2.0x, 225bp for 2.0x-2.5x, 325bp for 2.5x-3.0x, and 375bp for 3.0x-3.5x. Lead arrangers, arrangers and co-arranger spots were available, with amounts between MXP300m and MXP800m, and fees between 45bp and 80bp. Funds ar

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