Peru-based fresh product company Camposol recently borrowed a $200 million syndicated loan, and in parallel will redeem its existing $147.5 million senior secured notes due 2021. It will use the remaining proceeds to finance its growth strategy and for other general corporate purposes. On Dec. 21, 2018, S&P Global Ratings affirmed its long-term 'B+' global scale issuer credit and issue-level ratings on Camposol S.A. The stable outlook reflects our expectation that Camposol will maintain a solid operating and financial performance in the next 12 months, reflected in EBITDA margins above 30%, a debt to EBITDA ratio around 2.0x, and negative DCF (discretionary cash flow) to debt, even considering the additional debt from the new syndicated loan for up to $200
