February 11, 2013
Grupo Cementos Chihuahua has finalized its $250m syndicated loan, it says,
Grupo Cementos Chihuahua has finalized its $250m syndicated loan, it says, with the three leads drawing in seven banks. The 5-year senior secured loan pays Libor+500bp, tied to a leverage grid, and is part of a larger debt refinancing effort along with a $260m 2020 NC3 bond sold earlier this month. BBVA, Citi and Scotia managed both deals, and brought in Comerica Bank, Corpbanca, Banco Invex, Banco del Bajio, HSBC, Israel Discount Bank and Bancaribe Curacao for the syndicated loan.