Kansas City Southern de Mexico plans $30 million term loan

By Sara Rosenberg

New York, May 14 - Kansas City Southern de Mexico SA de CV is planning on getting a new $30 million term loan, according to a company news release.

Bank of America and Banco Bilbao Vizcaya Argentaria are the lead banks on the deal, a market source told Prospect News on Monday.

Proceeds from the term loan, along with $165 million senior notes and cash on and, will be used to redeem the company's 12½% senior notes due 2012.

Kansas City Southern is a Kansas City, Mo.-based railroad company. Kansas City Southern de Mexico operates in northeastern and central Mexico.

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