Chile’s CAP Extends Loan

Chile’s CAP has extended a 3-year loan into a 5-year facility, upsizing to $200m from an original $150m, according to a banker with knowledge of the transaction. The steel and iron ore producer priced the transaction at Libor+ 125bp on a leveraged grid, says a banker with knowledge of the transaction. Bank of Tokyo Mitsubishi and HSBC are joint bookrunners on the deal. EDC Canada and Santander came in as new lenders. Banco del Estado de Chile, Scotia, BBVA, Mizuho and Societe Generale also participated, and had been in the original deal.