Cimpor extends maturity of debt, adds credit lines
Cimpor said Thursday it had extended the maturity of its debt by almost two years through several financing deals with a slew of banks.
The transactions included a EUR320m syndicated loan agreed with BNP Paribas SA, Caixa Geral de Depositos, ING Groep NV and Societe Generale SA that will serve as an alternative to an existing eurobond market loan
It also set up a EUR150m credit facility with Citigroup Inc and Royal Bank of Scotland Group PLC (RBS.LN), EUR110m club deal with Banco Bilbao Vizcaya Argentaria SA and ING, while Banco Santander SA committed to underwrite EUR100m in commercial paper for three years.
Finally, it is extending to US$200m an already announced private placement.
Published under Cement News
