Éxito pays back banks

Éxito pays back banks

Loans Debt Corporate & Sovereign Strategy Colombia Brazil Europe

Colombian retailer Grupo Éxito said it has paid off three loans worth the equivalent of $1.39 billion as the company changes owners in Groupe Casino's reorganization of assets in Latin America. Éxito paid back a dollar-denominated syndicated loan for $450 million from nine international lenders as well as a syndicated loan in pesos for COP2.35 trillion ($694 million) from seven banks and a club deal for COP838 billion from four lenders, it said in a securities filing. Éxito signed the three-year

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