Spain: FCC refinances Portland Valderrivas debt

Spain: FCC refinances Portland Valderrivas debt
Published: 14 July 2016


In the restructuring of the group, Spain’s FCC plans to refinance the syndicated debt of Cementos Portland Valderrivas (CPV), in which it owns a 77.9 per cent stake. Funds from FCC’s capital increase will be used to write of EUR325m of EUR823m of the total amount. CPV will then refinance the outstanding EUR500m over a period of five years.



To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login