Corporación Favorita closes in on refinancing

Corporación Favorita closes in on refinancing

Loans Debt Ecuador Andean

Corporación Favorita, the largest supermarket chain in Ecuador, is close to refinancing the bridge loan it got early last year to cover the acquisition of Rey Holdings in Panama, according to a source familiar with the deal. Corporación Favorita took the one-year, $132 million loan in a club deal led by Banco Latinoamericano de Comercio Exterior (Bladex), Banco General and Promerica, following the announcement in November 2018 that it had agreed to buy Rey. In December last year, Corporación Fav

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