February 12, 2020 |
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,
BBVA leads a $61 mln facility for the Mexican company with four other lenders