Mexichem arranges new revolving credit facility

Mexichem arranges new revolving credit facility

Debt Capital Markets Corporate & Sovereign Strategy Loans Mexico

Mexichem has signed a new five-year, $1.5bn revolving credit facility (RCF) to replace a similar loan signed in 2014, the Mexican chemicals supplier said.  The credit was priced at 105bp over Libor, based on the company’s Baa3/BBB/BBB- ratings, two sources close to the deal told LatinFinance. The transaction includes a 15bp commitment fee, they said.  BBVA, Citi, JPMorgan and MUFG were lead bookrunners while BNP Paribas, Bank of America Merrill Lynch, Mizuho and SMBC acted as lead arrangers. The

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial