Corporación Favorita signs bridge loan

Corporación Favorita signs bridge loan

Loans M&A Ecuador Panama

Ecauador's Corporación Favorita has signed a one-year bridge loan to pay for the acquisition of Rey Holdings in Panama. Bladex, Banco General and Promerica were the joint lead arrangers on the $132m club deal, with Bladex also acting as the administrative agent, the Panama-based trade finance bank said in a press release. Promerica supplied its share of the money through three subsidiaries: Banco Promerica in Guatemala, St. George's Bank in Panama and St. George's Bank in the Cayman Islands, acc

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