trending Market Intelligence /marketintelligence/en/news-insights/trending/9ot9jmjbalnqpkn86gypgq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry

Cable Nets Struggle With Little Revenue Growth Expanding Programming Budgets


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.