IMSA sets up bond, loan to pay down debt

IMSA sets up bond, loan to pay down debt

Bonds Debt Fixed Income Capital Markets Loans Energy Electricity Renewable ESG Guatemala Central America

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

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