Cemex Pays up to Extend Loans

Cemex Pays up to Extend Loans


Mexico’s Cemex is paying a significant premium to term out as much as $4.7bn in loans by 1-2 years, following downgrade to junk amid looming nearby debt maturities. The refinance involves bilaterals and part of a 2006 Rinker acquisition facility. Bankers on the deal say the company hopes to close renegotiations by the end of the year, but will likely end up finalizing the process early in 2009, since credit committees are all but closed for calendar 2008. On the $6bn acquisition facility, Cemex

Already have an account?

Free trial

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

Free Trial