Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Ternium Pulls Loan as Outlook Sours

Jan 15, 2009

Mexican steelmaker Ternium has canceled plans to raise $350m in a 5-year amortizing loan. The facility, offered to a group of relationship banks at Libor plus 350bp, was destined for capex and debt amortization. The deal had already garnered 5-6 commitments from banks by the time the company and its leads opted...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote    




“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management