Cencosud finances US acquisition

Cencosud finances US acquisition

Loans M&A Capital Markets Commerce Retail shopping Chile United States

Chilean retailer Cencosud signed two loans totaling $300 million to help finance its acquisition of a majority stake in US premium supermarket chain The Fresh Market, according to a securities filing. Cencosud said it financed the deal with two one-year loans for $150 million each – one from Bank of America and the other from the Singaporean branch of HSBC – as well as its own cash resources. The Santiago-based company agreed to buy 67% of The Fresh Market for $676 million in May and gain a toeh

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