Grupo Gigante lands loan to restructure debt

Grupo Gigante lands loan to restructure debt

Funds Loans Mexico Capital Markets Commerce

Gigante Grupo Inmobiliario (GGI), the real estate division of the Mexican retail holding company Grupo Gigante, has secured a five-year loan for MXN2 billion ($98.2 million) from HSBC and Santander to refinance bank debts. The loan has a variable interest rate and increasing monthly repayments, Grupo Gigante said in a securities filing on Thursday without disclosing further details. On July 22, Grupo Gigante signed a loan and restructured outstanding debts worth a combined MXN1.99 billion with t

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