Indebted CPV outlines debt refinancing plan, Spain
Cementos Portland Valderrivas (CPV), the leading cement producer in Spain with operations in North America and Tunisia, has released a statement outlining its plans to refinance...
Debt
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Cementos Portland renegotiates debt agreement
Spain's Cementos Portland has renegotiated its EUR1.114bn debt with its bank, according to the FCC subsidiary. It is the company's second refinancing in two years after the last...
Fitch: Spanish tax ruling negative for Cemex
The recent ruling by Spanish tax authorities to fine Cemex Espana EUR455m will slow the recovery of Cemex’s credit profile but will not result in a negative rating action to the...
China Shanshui seeks to refinance debt and trim 2014 capex
China Shanshui Cement is seeking to refinance debt and cut capital expenditure by half this year after earnings fell for a second year, according to CreditSights Inc.
Deutsche Bank downgrades Jaiprakash to “sell”, India
Deutsche Bank downgrades India's Jaiprakash Associates Ltd to "sell" from "hold", due to higher-than-expected debt. The bank says the company's consolidated debt of INR612bn (US...
HeidelbergCement cancels S&P ratings agreement
HeidelbergCement has cancelled its long-standing rating agreement with the rating agency Standard & Poor's (S&P). Its agreements with FitchRatings and Moody's will continue unch...
Cemex's nine-month EBITDA rises 9%
In the first nine months of the year, Cemex’ turnover decreased 2.1 per cent to US$11,273.8m but the EBITDA did improve nine per cent to US$2003.2m. The company's gearing is com...
Cemex sees 9% increase in 3Q12 operating EBITDA
Cemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in do...
Cemex completes refinancing deal, Mexico
Cemex said on Monday it has completed its plan to refinance US$7.2bn of debt and push back maturities by up to four years.
Cemex clears refinancing deal, considers asset sales
Cemex will extend maturities of bank loans by three years after its restructuring offer won acceptance from creditors holding 92.6 per cent of the debt.