Frisa Nears Loan Closing

Frisa Forjados could close a $150m 5-year term loan as soon as this week, according to sources familiar with the plans of the Mexican metal parts manufacturer. The loan is heard paying Libor+300bp. BBVA, Citi, HSBC and Scotiabank are bookrunners on the deal, with Comerica Bank also participating. Proceeds are expected to be used for refinancing debt.