July 10, 2019 |
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.
Mexican chemicals company signs new five-year revolver with 11 banks