By  on September 12, 2018

MEXICO CITY — Mexico’s leading retailer Coppel and Brazilian mall giant Iguatemi are seeking to refinance and borrow roughly $2 billion to boost their working capital amid heightened economic and political turmoil.

Coppel has agreed to terms with 12 banks for a 36-billion peso, or $1.9 billion, loan to replace a previous 8 billion-peso credit facility, pay dividends and raise expansion currency, confirmed a source at Santander, one of the deal’s 12 underwriting banks.

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