May 24, 2005
Ingenieros Civiles Asociados (ICA), Mexico's largest construction company,
Ingenieros Civiles Asociados (ICA), Mexico's largest construction company, has paid the final $95 million it owes creditors, ending a debt restructuring that began in 1999. ICA used the financing obtained under a recent $150 million bond issue by its Panamanian subsidiary to pay its restructured debts earlier than scheduled. The company reported a net profit of $6 million for the first quarter, up from an $8 million loss a year earlier.