Almacenes Exito receives three-year loan

Almacenes Exito receives three-year loan

Loans Colombia

Almacenes Exito has received a three-year $450m syndicated loan, according to a term sheet seen on Dealogic. The Colombian retail holding company used the proceeds to refinance a three-year $450m loan it received in December 2015. BNP Paribas, Credit Agricole, HSBC, MUFG, Santander and Scotiabank acted as joint bookrunners. Banco de Sabadell, Citi and JPMorgan joined the facility as lenders. Sources were not available to disclose spreads on the loan. The loan from December 2015 priced at 150bp o

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