General increases latest syndicated loan

General increases latest syndicated loan

Debt Loans Panama

Banco General increased its latest syndicated loan to $800m from $500m, drawing down on the three-year facility last month. The Panamanian lender got the loan at 125bp over Libor and at least 17 banks contributed to the transaction, two loans sources confirmed. Five bookrunners - Bank of America Merrill Lynch, JPMorgan, Mizuho, Standard Chartered and Wells Fargo - launched syndication in October last year and obtained the following: Mandated lead arrangers: - Banco de Credito del Peru- Bank of B

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