BAC syndicates three-year bullet loan

BAC syndicates three-year bullet loan

Debt Loans Panama

BAC International Bank, the Panamanian subsidiary of the Central American lender BAC, is syndicating a three-year, $150m bullet loan, according to a source. Wells Fargo and Standard Chartered are leading the facility, which carries a rate of 135bp over Libor. The two lenders have opened syndication at three levels – mandated lead arranger (MLA), lead arranger (LA) and participant. MLAs get 60bp in fees for commitments of at least $20m, while LAs earn 52.5bp for $15m and participants receive 45bp

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial