TACA Closes $40 Million Syndicated Loan

Central American air carrier TACA International Airline has closed a $40 million syndicated loan. The lending group was led by Banistmo Securities, owned by Panama’s Grupo Banistmo, and included the Central American Bank for Integration (Cabei), Banco de América Central and Banco Cuscatlán. El Salvador-based TACA has routes to 19 cities in Central and North America.