Bank Market Waits for Cemex

Bank Market Waits for Cemex

M&A

The latest in a series of multi-billion dollar Latin American acquisition loans – a $12.8 billion Cemex deal to buy Rinker -- is taking its time to come to market. Bankers are keeping details of the bridge financing to fund the unsolicited Cemex takeover of the Australian cement-maker under tight wraps. A banker close to the deal says no date has been set for a bank meeting and the company is still in talks with lead banks as to the structure of the facilities. The Mexican company has secured c

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