PesoRama’s $20 Million Revolving Credit Facility

Reading Time:
< 1
 minutes
Posted: 31st July 2023 by
Lawyer Monthly
Share this article

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.

Connect with LM
Lawyer Monthly: The Briefing
Subscribe to Lawyer Monthly Magazine Today to receive all of the latest news from the world of Law.

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.