April 9, 2013
Controladora Mabe is planning a $250m, 5-year loan, say people familiar wit
Controladora Mabe is planning a $250m, 5-year loan, say people familiar with the Mexican white goods manufacturer’s plans. The facility led by HSBC is being done to raise funds for debt refinancing. In February, Fitch revised its outlook on Mabe’s BB+ rating to positive from negative, saying its financials are pointing in the right direction, highlighting results, cash generation and credit metrics in particular.