IAC signs working capital loan in Mexico

IAC signs working capital loan in Mexico

Loans Debt Structured Finance Mexico Europe

IAC Group has signed a $34m long-term working capital facility with Mexico's export credit agency Bancomext to fund the expansion of a plant in Monterrey and cover general corporate expenses, LatinFinance has confirmed. In its first transaction with a Mexican lender, Luxembourg-based IAC backed the loan with two plants owned by divisions in Toluca and Hermosillo, said a lawyer involved in the deal. Although a recent trade agreement includes incentives for companies to make more auto parts in the

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