Nextel Peru Dials A/B Loan

Nextel’s Peruvian arm has raised a $130m A/B loan to grow its mobile operations in the country. The deal, which closed over the holiday break, includes a $50m 7-year A loan from FMO, with participation from DEG, at Libor plus 575bp. There is also a B loan paying 475bp for 3 years, 525bp for 5 years and 575bp over Libor for 7 years, via a group of commercial lenders led by Standard Bank. The B loan syndication included participation from several regional lenders, including BCP and Banco BIF, as well as Panama-based Tower Bank, Multibank, Banco Aliado and Global Bank, according to a banker close to the deal. US-based CIFI also participated, as did HSBC in the B portion. The deal began syndication in Q4 last year and wrapped up in the final 2 weeks of 2009.