January 31, 2020
Mexican small business lender Grupo Mega plans to raise $300 million from the sale of five-year notes under Rule 144A/Reg S in the US market, according to ratings reports from Moody's and S&P Global.
Mega will take $142 million in proceeds from the fixed-rate notes to pay off loans and use the rest to expand its loan portfolio, S&P said. The company is expected to cover the coupon payments and half the principal with a full cross currency cross and the other half with a call spread to re
Mexican small-business lender aims to raise $300 mln to pay off debt and grow its loan book