Nemak Closes Facility

Nemak Closes Facility

Mexico Loans

Grupo Alfa auto parts manufacturer Tenedora Nemak has closed a $465m 2018 senior unsecured loan, according to people following the process. The price is tied to a leverage grid, with the borrower paying Libor+150bp at less than 2.0x, 175bp at 2.0x-2.

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