PesoRama’s $20 Million Revolving Credit Facility
CP LLP advised PesoRama in the establishment of a senior secured revolving credit facility of up to $20 million with Third Eye Capital Corporation as lender.
SIMPS Legal also advised PesoRama, while Third Eye Capital was advised by Bennett Jones and Haynes Boone.
PesoRama, which operates under the JOI Dollar Plus brand, is a Mexican value dollar store retailer which launched in 2019 in Mexico City and the surrounding area, focusing on high-traffic and high-density locations. The firm’s new credit facility will support the expansion of its inventory and product offerings, as well as the construction of new JOi Dollar Plus Stores in Mexico, adding to its 21 stores already under management.
Headquartered in Toronto, Canada, Third Eye Capital is a leading alternative capital provider to businesses undergoing changes or special situations. Third Eye Capital’s value-added operational expertise and tailored financing services ensure that their portfolio companies are backed by all the resources and connections they require to succeed.
CP LLP’s team on this transaction consisted of Paul Pathak, Navin Khanna and Bogdan Nae.
