Grupo Industrial Saltillo Plans Full Prepayment of Syndicated Debt

By Public Technologies
  • Grupo Industrial Saltillo signed financing agreements totaling up to USD 190 million to fully prepay its existing Citi-led syndicated loan.
  • Bancomext’s variable-rate bullet loan provides up to USD 100 million over four years, extendable to 10 years.
  • The Scotiabank-led club deal offers up to USD 90 million over four years, extendable to seven, with variable interest and bullet repayment.
  • The club deal includes a revolving credit line of up to USD 50 million; closing conditions are expected to be met shortly.
  • Completion and exercise of the extensions would increase average debt maturity from 2.5 years to as much as 5.7 years.


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