GGI finances Rassini buyout

GGI finances Rassini buyout

Loans Debt M&A Mexico

GGI has secured $485m in financing for the leveraged buyout of the Mexican auto parts company Rassini, LatinFinance has heard. BBVA Bancomer brought in nine other lenders for a five-year, $455m term loan and a three-year, $30m revolving credit facility, said a source involved in the deal. Some of the lenders included Banco Sabadell, HSBC, Monex and Comerica, the source said. BBVA Bancomer and other sources declined to name all the banks in the deal. GGI, a special purpose vehicle created by t

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