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Daily Brief

Dec 13, 2022 Issue

Argentina gets funds for contingent credit facility

Inter-American Development Bank (IDB) Debt Loans

IDB to provide $400 mln to improve system for dealing with natural disasters

Argentina taps BNDES for gas pipeline financing

International Financial Institutions CAF Corporate & Sovereign Strategy

Brazilian development bank will provide $689 mln for the second stage of a $3.4 bln project

Grupo NC enters pharma market in Mexico

Corporate & Sovereign Strategy M&A Equity

Brazilian conglomerate acquires three companies from Japanese holding Taisho

Wiz promotes CFO after sacking CEO

Corporate & Sovereign Strategy Brazil People

Marcus Oliveira steps in for Heverton Peixoto as shareholders look to go in a more conservative direction

Cemig accepts bonds in buyback

Corporate & Sovereign Strategy Bonds Debt

Minas Gerais state power company agrees to repurchase all $241 mln in 2024 bonds that investors tendered by the early deadline

NotCo raises funds for new B2B unit

Equity Funds Chile

Chilean food tech company earns $70 mln in a fundraising round led by Princeville Capital

Peru names new finance minister

Economy & Policy Capital Markets Latin America

President Dina Boluarte picks Alex Contreras to replace Kurt Burneo

CMR gains time to repay syndicated loan

Loans Debt Mexico

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

GAP takes out another loan to fund investments

Loans Debt Project & Infrastructure Finance

Mexican airport operator borrows $75 mln from Citibanamex after getting the same amount last month from Scotiabank

Carozzi buys another ice cream brand

M&A Equity Chile

Chilean food group pays $43 mln for San Francisco de Loncomilla in its second acquisition in the ice cream market since 2020

Carso sizes up offer for Sanborns

Equity Capital Markets Commerce

Mexican conglomerate puts up $389 mln to buy out minority shareholders and delist the restaurant and retail business