Kansas City Southern de Mexico gets $200 million restated revolver

By Sara Rosenberg

New York, Nov. 30 - Kansas City Southern de Mexico amended its restated its $200 million revolving credit facility, extending the maturity to Nov. 15, 2017 from Sept. 30, 2016, according to an 8-K filed Friday with the Securities and Exchange Commission.

In addition, a number of restrictive covenants in the facility were eliminated or modified and a fall-away collateral provision was established.

Pricing on the revolver can range from Libor plus 125 basis points to 250 bps based on leverage. However, if credit ratings of Baa2/BBB or higher are obtained, the pricing grid will change to a range of Libor plus 125 bps to 175 bps based on ratings.

JPMorgan Chase Bank is the administrative agent on the deal.

The amendment and restatement was completed on Nov. 29.

Kansas City Southern de Mexico is a subsidiary of Kansas City Southern, a Kansas City, Mo.-based transportation holding company that has railroad investments in the U.S., Mexico and Panama.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.