Mexico’s Profluent Plastic Technologies closed a three-part syndicated loan for MXN1.14 billion ($61.1 million) from five lenders, led by the sole bookrunner BBVA.
Profluent took a five-year term loan in pesos for MXN730 million ($39 million) and another five-year loan in US dollars for $15.3 million as part of the deal. It also got a three-year revolving credit facility for MXN120 million ($6.4 million)
BBVA contributed MXN450 million ($6.4 million) overall, including MXN237 million ($13 million) for the peso-denominated term loan and $9.33 million for the dollar loan. It also supplied MXN37 million ($2 millioni) to the revolver. The two mandated lead arrangers Santander and Scotiabank each provided MXN200 million ($10.7 million) with MXN122 million ($6.55 million) for the peso-denominated loan, $3 million for the dollar loan and MXN21.1 million ($1.19 million) for the revolver.
BanBajío and BanCoppel completed the financing as co-arrangers with MXN145 million ($7.7 million) apiece, split between MXN125 million ($6.71) for the peso loan and MXN20.5 million ($1.10 million) for the revolver.