May 10, 2018 |
Grupo Viz has exercised a $100m accordion feature tied to a revolving credit facility (RCF) it signed back in November 2015, a loans source familiar with the deal has said.
Rabobank was the bookrunner and joint lead arranger (JLA), while fellow Dutch financial institution ING was a JLA. The following five banks joined the accordion as participants:- Bancomext- HSBC- Scotiabank- Sabadell and- Santander
Viz's accordion is tied to a similar leverage grid as the original dual-tranche facility, the
Mexican meat processor tacks on $100m to a previous facility signed in November 2015, source