GMexico Strikes Loan Silver

GMexico Strikes Loan Silver


In an encouraging sign for the loan market, Grupo Mexico has secured $1.5bn in 3 and 5-year dual currency facilities through partial syndication which funded this week. “This was a fully underwritten deal,” notes a banker leading the BBB minus/Baa3 transaction. He points to the fact that other recent facilities, such as Cosan’s $300m 3-year pre-export facility closed in early November, have been done on a best efforts basis. The loan market is still thawing from a deep, crisis-dri

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