CMI Subsidiary Secures Loan from JP Morgan

Pollo Campero, a CMI brand, secures a $75 million loan from J.P. Morgan for its expansion in the U.S.

CMI Subsidiary Secures Loan from JP Morgan

Pollo Campero, a brand owned by CMI Foods within CMI, Corporación Multi Inversiones, has taken a significant step in its growth in the United States. It has secured a $75 million loan from J.P. Morgan.

This loan will significantly facilitate the expansion plans of the popular Pollo Campero restaurant chain in the U.S. market. The transaction, finalized on January 24 with legal counsel from Clifford Chance in New York, marks a milestone for the Guatemala-based company in its international growth strategy.

Loan Details and Usage

The loan obtained by Pollo Campero will primarily fund the capital expenditures needed for the brand's expansion in the United States. The plan is to add a hundred new outlets, significantly increasing the brand’s presence.

Additionally, part of the financing will be used to refinance certain existing debts, thus optimizing the company's financial structure during this phase of accelerated growth.

CMI, Corporación Multi Inversiones, continues to work towards the sustainable development of each of its business groups and brands. Led by the third family generation with Juan Luis Bosch Gutiérrez and Juan José Gutiérrez Mayorga at the helm, the corporation has achieved significant milestones like this in its history, becoming a benchmark in Central America and globally.

This loan not only strengthens Pollo Campero's financial position but also underscores the international financial markets' confidence in the growth potential of CMI's overseas operations. With this injection of capital, Pollo Campero is well-positioned to accelerate its expansion and strengthen its presence in the competitive U.S. restaurant market, demonstrating the viability of its business model and the effectiveness of its management.