Intcomex closes $150 million revolver due 2019 via PNC, BankUnited

By Susanna Moon

Chicago, Jan. 13 - Intcomex, Inc. said it obtained a $150 million revolving credit facility maturing in 2019 with PNC Bank, NA and BankUnited NA last Friday.

PNC Capital Markets LLC and BankUnited are the co-lead arrangers.

The company used some proceeds from the new credit facility to pay the $100 million outstanding aggregate principal amount of its 13¼% second-priority senior notes due December 2014.

The refinancing is expected to generate substantial interest expense savings and gradually increase the company's overall liquidity, according to a company press release.

"This transaction will provide Intcomex with a solid and flexible foundation to finance its growth and continue its leadership position in the Latin American technology markets," Intcomex's president and chief executive officer, Michael Shalom, said in the press release.

Intcomex is a Miami-based distributor of computer information technology products focused on Latin America.

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