By Rebecca Melvin
New York, Feb. 5 – Mexico’s Alpha Holding SA de CV (AlphaCredit) priced $400 million of 9% five-year notes (B1/B+) on Tuesday, according to a company news release.
The Rule 144A and Regulation S notes are non-callable for three years.
The proceeds of the notes will be used to repay certain of the company’s existing debt and for general corporate purposes, including growing its consumer and small and medium enterprises portfolio.
Application will be made to list the notes on the Singapore Exchange Securities Trading Ltd.
AlphaCredit is a financial services company based in Mexico City.
| Issuer: | Alpha Holding SA de CV
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | Feb. 10, 2025
|
| Coupon: | 9%
|
| Call protection: | Non-callable for three years
|
| Trade date: | Feb. 4
|
| Settlement date: | Feb. 10
|
| Ratings: | Moody’s: B1
|
| S&P: B+
|
| Distribution: | Rule 144A and Regulation S
|
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