March 13, 2020 |
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
Mexican auto parts company gets $470 mln in five-year money to pay off debt