February 12, 2019 |
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, a
Ecuadorean supermarket operator gets a one-year, $132m loan from three lenders to help pay for Rey Holdings in Panama