Close nears for InterCement loan

Close nears for InterCement loan

Loans

Brazil’s InterCement is expected to close a $900m loan by the end of the month, LatinFinance understands. Commitments, which are being accepted in dollars and euros, were heard due Friday for the transaction. The loan is divided into three $300m tranches. Two are understood to be in syndication: a 5-year amortizing tranche, paying 270bp over Libor out of the box, and a 5-year bullet offering 280bp over Libor. The third tranche, a 7-year at 350bp over Libor, is understood to be fully subscribed a

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