Cimpor raises liquidity by €800m after funding

Cimpor raises liquidity by €800m after funding
Published: 23 November 2010

Portuguese cement producer Cimpor has raised its liquidity by some €800m (US$1.099bn) after several operations of funding.

The moves extended the maturity of the debt by almost two years, the company said in a filing with Portugal’s bourse regulator CMVM on Friday.

Cimpor has signed an alternative syndicated loan on the Eurobonds market worth €320m, a credit facility of €150m, a club deal loan of €110m, an additional guarantee under a three-year commercial paper programme for €100m and expanded to US$200m (€145.5m) the private placement to investors.