Mexarrend lines up DFC loan

Mexarrend lines up DFC loan

Loans Debt Structured Finance Mexico United States Coronavirus

Mexican leasing company Mexarrend said it is lining up a $45 million loan from the US International Development Finance Corporation, known as the DFC, to finance small businesses in "sectors that have shown resilience during the current economic situation."Mexarrend and DFC have signed a letter of intent and plan to close the 10-year loan by the end of the year, the Mexico City-based company said in a securities filing.Mexarrend, formerly knows as Docuformas, provides financial services for smal

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