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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...

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