trending Market Intelligence /marketintelligence/en/news-insights/trending/9ot9jmjbalnqpkn86gypgq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Triple-S Management enters $35.5M credit agreement with FirstBank Puerto Rico

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles


Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

Street Talk Episode 50 - Challenging The Legacy Core Bank Providers

Fed Poised To Relax Key Rules For Large Banks

Triple-S Management enters $35.5M credit agreement with FirstBank Puerto Rico

Triple-S Management Corp. entered into a credit agreement with FirstBank Puerto Rico to borrow about $35.5 million.

The loan is made up of three term loans, one that maures in October 2023 and two that mature in January 2024. The company will pay an annual interest rate of 1% over LIBOR for the first term loan, 2.75% over LIBOR for the second and 3.25% over LIBOR for the third.

The loans are secured by Triple-S mortgages, and the company anticipates it will use the loan's proceeds to refinance an existing credit faciility with FirstBank. The proceeds also will be used to prepay the outstanding principal amount and interest on the company's 6.70% senior unsecured notes due January 2021 and to fund part of a debt service reserve for the loan.