The fund plans to provide a $150 million mezzanine debt facility at 18-20% and arrange another $300 million from other lenders to finance the acquisition, said a person in the know. "The funding cost could vary by the instrument where the blend-in cost could be 14-15%," he added.
Vimercati plans Mexico plant just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.
Auto Parts Maker Vimercati: Garcia was scheduled to meet with Vimercati executives on Thursday as part of a tour of India. The company, which is owned by India s Viney Corporation, did not immediately respond to a request for comment.
Auto parts maker Vimercati to open $200 million plant in Mexico, state governor says streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Auto parts maker Vimercati will invest $200 million to open a plant in the northern Mexican state of Nuevo Leon, the state's governor, Samuel Garcia, said on social media on Thursday. Garcia was scheduled to meet with Vimercati executives on Thursday as part of a tour of India. The company, which is owned by India's Viney Corporation, did not immediately respond to a request for comment.