Ternium Meetings Progress

Ternium Meetings Progress

Argentina Loans

Ternium is scheduled to meet banks in Mexico today, following a New York bank meeting Wednesday, as it continues discussions around a 5-year, $800m amortizing term loan facility, LatinFinance understands. The loan is tied to a leverage grid at Libor+137.5bp out of the box. On offer are $60m lead manager and $40m manager tickets, with respective upfront fees of 70bp and 60bp. Bookrunners Bank of Tokyo-Mitsubishi, Credit Agricole, HSBC and Natixis are leading, and have added MLAs BBVA, Mizuho, Int

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