Bimbo tightens spread on revolver

Bimbo tightens spread on revolver

Mexico Loans US Canada

Mexico's Grupo Bimbo has tightened spreads on a $2bn multi-currency revolving credit facility (RCF) with 10 banks in the lending syndicate, LatinFinance has heard.The five-year revolver comes in US and Canadian dollars, as well as Mexican pesos. The entire facility is available in US dollars, but there are limits on financing in pesos and Canadian dollars, said a source involved in negotiating the loan.The US dollar financing priced at 95bp over Libor, down from a spread of 100bp on Bimbo's prev

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