ACC to restructure existing debt
Egypt’s Arabian Cement Co plans to restructure its existing US$23m and EGP499.3m outstanding debts due to one of the country’s banks, through a syndicated loan from the European...
Debt Restructuring
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PPC
PPC has rescheduled the debt related to its new cement plant in the Democratic Republic of Congo, PPC Barnet DRC, improving the group’s liquidity position.
PPC improves liquidity position
PPC has rescheduled the debt related to its new plant in the Democratic Republic of Congo, improving its liquidity position.
Elementia restructures debt with new seven-year loan
Elementia, SAB de CV has announced that it obtained a loan from Citi Banamex for MXN925m (US$49.6m) over a seven-year term, with payments beginning in the first half of 2020, gi...
Kenya: East African Portland Cement to lay off two-thirds of workforce
In a restructuring plan unveiled this week, East African Portland Cement (EAPC) has said it will lay off more than 1000 of its more than 1500 workers, reducing the firm’s headco...
South Africa: PPC lines up banks for rights issue
South African’s largest producer, PPC, has announced that it has come to an agreement with four banks to underwrite its proposed ZAR4bn (US$260m) rights issue, Reuters Africa re...
Sberbank and Eurocement agree debt restructuring deal
Russia's leading cement producer, Eurocement group, and Sberbank CIB have agreed on conditions for restructuring the company’s loan portfolio.