Rassini pens syndicated loan

Rassini pens syndicated loan

Loans Debt Mexico

Mexican auto parts company Rassini has signed a five-year syndicated loan for $470 million, raising funds to refinance debt and cover investments, according to a source close to the deal. BBVA led the loan as the sole bookrunner and brought in roughly 10 additional lenders, the source said. In December 2018, GGI, a special purpose vehicle formed by Rassini's controlling shareholders, got a loan for $485 million to increase its stake in the auto parts company to 97.8% from 45.7% and delist the co

Already have an account?

Free trial

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

Free Trial