Javer Launches $160m Loan

Javer, the Mexican homebuilder, will today launch a $160m 5-year amortizing loan, say executives close to the process. Proceeds will be used to refinance debt and general corporate purposes. The facility is being led by Credit Suisse and already counts on the participation of ABN AMRO and Mexico’s Inbursa as MLAs. In July 2007, private equity firm Advent International, along with a group of minority investors, agreed to acquire the company for a reported $500m. But the buyers backed out of the deal following disagreements on price and Javer today remains a standalone entity, say bankers familiar with the company.