InterCement sets close date on loan

InterCement sets close date on loan


Brazil’s InterCement is expected to close a $900m loan on January 17, LatinFinance understands. Commitments, which are being accepted in dollars and euros, are heard to be due on Friday. 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 already. The interest le

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