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.

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