Profluent picks up syndicated loan

Profluent picks up syndicated loan

Loans Debt Mexico

Mexico's Profluent Plastic Technologies signed on Friday a three-part syndicated loan for MXN1.14 billion ($61.1 million) from five lenders, led by the sole bookrunner BBVA, according to a source involved in the deal. Profluent took a five-year term loan in pesos for MXN730 million and another five-year loan in US dollars for $15.3 million as part of the deal. It also got a three-year revolving credit facility for MXN120 million, according to the source. BBVA contributed MXN450 million overall,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial