Grupo Phoenix Completes Loan

Grupo Phoenix Completes Loan

Colombia Loans

Colombian packaging maker Grupo Phoenix has closed a 5-year, $190m multi-currency senior secured term loan, LatinFinance understands. The facility pays Libor+400bp, and was led by joint lead arrangers Credit Suisse and JPMorgan. The transaction was said to receive 2x demand and brings in new relationships for the borrower, which has operations in the US, Mexico and Venezuela. It initially offered Colombian peso and US dollar tranches, before adding a Mexican peso tranche. Joining as MLAs are Sum

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