CentAm Exporters Sign Loan

Nicaragua and Honduras-based coffee distribution subsidiaries of Agro International have signed a $130m, 2-year term loan, according to people familiar with the matter. The uncommitted facility pays interest at the agent’s cost of funds plus a spread that was not disclosed, and is guaranteed by Agro International, a British Virgin Islands-based agricultural holdco. Societe Generale is the lead arranger and bookrunner, with ABN Amro, BNP Paribas and Macquarie as MLAs and Towerbank International a participant.