Turks and Caicos negotiates new revolver

Turks and Caicos negotiates new revolver

Loans Debt Caribbean Europe Trinidad & Tobago

Turks and Caicos Islands, a British Overseas Territory in the Caribbean, has negotiated an $80 million revolving credit facility from Republic Bank, according to a the regional lender with headquarters in Trinidad and Tobago. Republic Bank offered the lowest all-in cost for the new revolver, including the interest rate and fees, and beat "a number of very competitive proposals," the bank said in a press release on Wednesday. The 12-month loan carries a fixed rate of 2.9% per year and can be exte

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