Tocumen asks to increase debt levels

Tocumen asks to increase debt levels

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Loans Panama Coronavirus

Panama's Tocumen International Airport on Wednesday announced it is seeking consent from holders of its 5.625% 2036 notes and 6% 2048 notes to amend indentures that will allow it to raise liquidity needed to operate during the coronavirus pandemic. The company said that it has received a $50 million liquidity line offer from Panamanian government-owned banks and an offer from commercial lenders for a $50 million credit line. But to access those new sources of liquidity, creditors need to improve

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