January 6, 2021
Mexican glass manufacturer Vitro said it has spent $180 million to pay off part of a syndicated loan ahead of schedule, using the money from a private placement it completed with Prudential Financial at the end of December.
Vitro took out a five-year, $700 million syndicated loan arranged by BBVA and HSBC in June 2018. It paid back $50 million to BBVA in February last year.
In the private placement with Prudential last month, Vitro sold $30 million worth of 2026 notes and $80 million worth of 20
Mexican glass maker uses funds from a private placement with Prudential to make a $180 mln payment ahead of schedule