January 20, 2022 |
Guatemalan sugar producer Ingenio Magdalena (IMSA) plans to issue $350 million worth of seven-year bonds in the international market and take out $200 million in loans to pay down debt, according to a source following the deal.
Credit Suisse and JPMorgan are the joint bookrunners and lead managers on the Rule 144A/Reg S bond deal, while Credit Suisse is syndicating a $140 million term loan and a $60 million revolving credit facility. The seven-year term loan charges SOFR plus 4.75% and the three
Guatemalan sugar and ethanol producer plans to issue $350 mln in 2029 bonds and take out $200 mln in loans