January 29, 2020
Alpha Holding, the company that owns the Mexican specialty finance company AlphaCredit, could sell up to $350 million worth of five-year notes in the cross-border bond market, according to a report from S&P Global.
S&P gave the proposed debt sale a B+ rating, the same level as AlphaCredit's corporate ratings, saying the company has enough cash on hand to cover its liquidity needs for more than 12 months, even if it does not carry out the bond deal.
AlphaCredit will likely use the money f
Mexican finance company could raise $350 mln to pay off debt and free up collateral