Mexico's Comerci clears debt with $101 mln bank loan payment
MEXICO CITY, March 23 (Reuters) - Mexican supermarket Comercial Mexicana said on Monday it had paid off all its debts with a bank loan payment totaling 1.5 billion pesos ($101 million).
The syndicated loan was made by Citigroup's Mexico unit Banamex, J.P. Morgan and four other banks in 2012, the supermarket known locally as Comerci said in a filing.
"With this payment, the company's financial debt is eliminated," Comerci said.
In January, Comerci agreed to sell most of its stores to rival Soriana for nearly 40 billion pesos.
($1 = 14.9220 Mexican pesos) (Reporting by Gabriel Stargardter; Editing by Ken Wills)
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