Cement News tagged under: refinancing
Cementir completes refinancing of EUR330m bridge credit04 May 2017, Published under Cement NewsCementir Holding on 28 April 2017 successfully completed the refinancing of a bridge credit line of EUR330m, which is part of the financing contract stipulated in October 2016, the Italian producer confirmed in a statement yesterday. This credit line was made available by a pool of banks to fund the acquisitions of Compagnie des Ciments Belges (CCB) and the business division of Sacci, to refinance existing credit facilities and to meet the group’s working capital requirements. The matu... |
Spain: FCC refinances Portland Valderrivas debt14 July 2016, Published under Cement NewsIn 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. The refinancing will also enable the Spanish cement producer to obtain a reduction in interest rate from 4.5 per cent (Euribor) to 3.5 per cent. Key cr... |
Cementos Portland renegotiates debt agreement16 July 2014, Published under Cement NewsSpain'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 agreement in July 2012. In the latest agreement, the company will postpone the payment of EUR50m of liabilities which expired on 30 June to 30 September. The payment follows the 2012 agreement to refinance a syndicated loan. Some 85.32 per cent of its debtors have agreed to sign the agreement – more than the tw... |
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