Scotia Investments Jamaica recently acted as the lead arranger in the successful raising of $950 million for Fontana.
Fontana's financial report for the second quarter of its financial year, which ended on December 31, 2024, indicated that all of its seven locations generated more revenues than during the corresponding period of the previous year.
Fontana's balance sheet and cash flow were also stronger than the corresponding period in the previous year.
Director of corporate solutions and investment banking at Scotia Investments Sarah Cumming said the bank engaged Fontana in December to understand its business objectives and agreed on a financing approach.
She added that Fontana is well positioned for future growth opportunities that will strengthen its position as a leading retailer.
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