Tenedora de Cines signs dual currency debt package

Tenedora de Cines signs dual currency debt package

IPO Mexico

Tenedora de Cines has obtained a dual-currency, $715m debt package, according to sources close to the deal.  BBVA, HSBC, JPMorgan and Santander led the deal as joint bookrunners, inviting an additional 13 lenders on board. BBVA doubled as the administrative agent, according to two sources.  The debt facility includes a seven-year, MXN9.75bn term loan, which priced at 150bp over the TIIE rate, and a five-year $200m revolving credit facility, which priced at 145bp over Libor, according to sources

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