Dine Launches $130 Million Dual Tranche Loan

Mexico’s Dine, the real estate firm, has launched a $130 million dual-tranche loan. It includes a $100 million amortizing seven-year at 175 basis points over Libor and a $30 million three-year revolver at 100 basis points. Citi is joint books with Inbursa. Proceeds are to repay parent DESC as part of a spin off.