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CMR gains time to repay syndicated loan

CMR gains time to repay syndicated loan

December 13, 2022
Mexican restaurant operator prolongs the repayment period by two years on a $62 mln facility from HSBC and Scotiabank

Loans Debt Mexico

Mexican restaurant operator CMR said it renegotiated a syndicated loan with HSBC and Scotiabank "to improve the company's financial structure in the short and long term." The company will now pay off MXN1.23 billion ($61.7 million) in 60 installments, adding two years to the payment period, it said in a securities filing on Friday. It also said it has a revolving line of credit for up to MXN100 million from HSBC. CMR plans to use the proceeds to make investments that "present attractive returns,

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