September 22, 2017
Salmones Multiexport (Salmex) has signed a $100m five-year syndicated loan facility from five lenders, according to a statement from the Chilean salmon producer.
Banchile, BCI DNB Bank, Santander Chile and the Netherlands' Rabobank provided the 2022 loan at a rate over Libor, along with a variable interest level that is tied to the company's financial performance. This includes its leverage and net debt to EBITDA ratios, the statement showed.
Salmex will pay nine biannual installments of $6m a
Chilean salmon producer refinances an old facility with $100m from five banks