Mazda Mexico JV Closes Financing

Mazda Motor Manufacturing de Mexico, a joint venture between Mazda and Sumitomo Corporation, has closed a $320m, 7-year term loan, according to sources familiar with the sale. Funds will be used for building a new factory in Mexico. Sumitomo Mitsui was bookrunner on the deal, with participation from Hiroshima Bank, Mitsubishi-UFJ, Mizuho, Shizuoka Bank, Sumitomo Mitsui Trust, and Yamaguchi Financial. Their terms of participation were not disclosed.