March 2, 2020 |
Austral, the Peruvian seafood company, approved on Wednesday the terms for a $45 million loan from Banco de Crédito de Perú (BCP) and Banco Interbank, a securities filing showed.
The company will sign a 10-year loan amounting to $30 million at a rate of 4.75% with BCP. Austral is borrowing $13 million for a 10-year loan at 4.98% from Interbank. The company has put up fishing boats as collateral on both loans.
Proceeds will be used to refinance existing debt and to improve the liability positi
Peruvian fishery lines up $45 mln in 10-year money from BCP and Interbank