Camposol successfully conducted the repurchase of 100% of the balance of its “Senior Secured Notes” that expired in 2021Posted On: January 25, 2019
The transaction was for a total of USD 147.5 million and is within the framework of the plan for reoutlining and optimizing the company’s long-term debt conditions. It was possible through a 7-year syndicated loan for up to USD 250 million that the company obtained at the end of 2018.
CAMPOSOL shall use the loan balance to finance part of its growth plan that requires investments for over USD 150 million per year.
CAMPOSOL is today a multinational that is completely integrated from field to supermarket and offers healthy and nutritive food to the world, with operations in six countries and clients in more than 40.
“We are very satisfied of having made real this transaction that confirms we are in the right path. We will continue assessing opportunities, for both expansion and growth, as well as other kinds of financing that may be attractive for Camposol,” stated Jorge Ramírez, Camposol’s CEO.