BAC Panama seeks three-year loan

BAC Panama seeks three-year loan

Panama Asia Loans

BAC Panama has picked Standard Chartered and Wells Fargo to lead a three-year, $75m refinancing, open at three levels of syndication. The leads are offering spreads of 165bp over Libor, a loans source said. Banks that join as mandated lead arrangers will receive fees of 70bp for a minimum $15m commitment, while those that join as lead arrangers will receive 60bp in fees for commitments between $10m and $14m. The participants that put in $5m to $9m will get 50bp in fees, the source said.BAC Panam

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