Arcor Gets $130m IFC Loan

The IFC has signed a $130m A/B loan for Argentine candy maker Arcor. A portion of the loan with a 6-year tenor will be syndicated, with Itau, Santander, BNP Paribas, Calyon, Rabobank and WestLB as lead arrangers. The A loan apparently has a 10-year maturity. Proceeds are for debt refinancing and investment. In July, Arcor pulled a $100m 10-year bond, talked at 8.25%-8.50%, via Citi.