Cydsa Wraps up $140m Loan Refinancing

Mexico’s Cydsa, a chemicals and materials exporter, recently closed a $140m loan deal that involved renegotiating terms and tenors for loans it took out during a restructuring in 2004. The new financing came via two tranches, a 5-year amortizer at 225bp over Libor and a 5-year bullet at 275bp over Libor. Participation in the deal is heard to have been limited. Citi, which led the original financings, ran the books.