NORTH AMERICA

摘要

Corpbanca is in the bank market with a 15-month loan as it seeks to refinance approximately US$200m in maturing debt, while utility endesa is poised to close a US$300m five-year revolver. CorpBanca's loan carries a margin of 85bp over Libor and is being led by HSBC, Standard Chartered and Wells Fargo. Earlier this year Brazil's Itau agreed to acquire a controlling stake in CorpBanca in a deal valued at around US$3.7bn, but the proposed merger hit a bump in the road after a minority holder in the Chilean entity - Cartica - alleged that the agreement undervalued CorpBanca to the benefit of controlling shareholder Alvaro Saieh. Endesa's club-style loan, led by Bank of Tokyo-Mitsubishi UFJ and HSBC, carries a margin of 90bp over Libor and offers a commitment fee of 30bp. Participants receive fees of 55bp on tickets of US$40m and 40bp on US$25m tickets.