October 16, 2019 |
BAC International, a division of the Costa Rica-based lender BAC Credomatic, has secured a three-year, $100m bullet loan at 125bp over Libor, down 10bp from a facility it signed last year, according to two sources close to the deal.
Wells Fargo and Standard Chartered are leading the deal and recruiting other lenders to take part in the loan, the sources said. The banks expect to finish syndicating the loan in the next few weeks, they added.
BAC will use the money to pay off part of a $150m loan
Wells Fargo and Standard Chartered invite other lenders to a three-year, $100m facility for the Central American bank