Debt

38 posts · Page 1 of 4

Cemex closes US$3.5bn credit agreement

Cemex closes US$3.5bn credit agreement

Cemex has closed a new US$3.25bn syndicated credit agreement, with it being the first debt issued under its sustainability-linked financing framework. The proceeds have been use...

PPC not to raise capital and focus on growth

PPC not to raise capital and focus on growth

South Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, ...

The dangers of debt

The dangers of debt Premium

In this month’s Technical Forum, Dr Michael Clark considers how the history of the Kenyan cement industry can serve as a case study for some of the dos and don’ts of the sector....

Cementos Molins signs EUR180m green loan

Cementos Molins signs EUR180m green loan

Spanish cement producer Cementos Molins has signed a EUR180m green loan to refinance all of its domestic debt and extend its maturity by five years. The agreement includes one E...

EAPCC receives backing to sell land assets

EAPCC receives backing to sell land assets

Kenya’s East African Portland Cement Co (EAPCC) has received Trade Ministry backing to sell off idle land, which will help the company recoup some of the KES15bn (U$146.3m) it s...

Unacem seeks loans of up to US$490m

Unacem seeks loans of up to US$490m

Union Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The com...

ARM asks for time after missing bond payment

ARM asks for time after missing bond payment

The Nairobi Securities Exchange-listed that the ARM Cement missed its June 2018 interest payment on a privately placed bond worth tens of millions of Kenyan shillings. The bond ...