Frisco Closes Acquisition Loan

Frisco Closes Acquisition Loan

Mexico Loans

Mexico’s Minera Frisco has closed a $1.1bn, 5-year senior secured term loan facility, with 11 banks participating. The transaction pays Libor+325bp, and was oversubscribed, according to people familiar with the deal, picking up special interest from banks active in mining and in Mexico. Bank of America Merrill Lynch was sole bookrunner on the deal, which saw senior MLAs Barclays, HSBC, JPMorgan and Scotia, lead managers BBVA, Bank of Tokyo, Deutsche Bank, Bancomext and Export Development Canada,

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