Cemex Avoids Margin Step-Up

Cemex Avoids Margin Step-Up

Mexico Bonds Loans

Mexico’s Cemex has made a $131m final prepayment under its 2009 financing agreement, allowing it to avoid a 50bp hike in interest expenses and saving it $37.5m annually, Maher Al-Haffar, the cement company’s VP of investor relations, tells LatinFinance. “We have done a lot of things in the first part of this year and last year to avoid step-ups,” he says. “We are comfortable, as our next maturity is not due until 25 months from now.” The company has now reduced the

Already have an account?

Free trial

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

Free Trial