November 5, 2018 |
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
Wells Fargo and Standard Chartered give lenders until November 15 to sign on to the $150m facility