March 26, 2019 |
Brazil's Raízen Energia has closed a five-year, $500m debt facility at 105bp over Libor, LatinFinance has confirmed.
The deal involved a $300m revolving credit facility and a $200m term loan with the same tenor and pricing, said two sources close to the deal.
BNP Paribas, JPMorgan, Mizuho and Scotiabank led the deal as joint bookrunners. Bank of America, HSBC, Morgan Stanley, MUFG and Santander participated as lenders, according to one of the sources.
Raízen will use the money to pay off deb
Brazilian energy company gets a $300m revolver and a $200 term loan from nine lenders