Loma Negra Cements A/B Loan

Loma Negra Cements A/B Loan

Bonds Structured Finance

Argentine cement producer Loma Negra has obtained a $125m A/B facility with the IDB and a group of banks to help it expand its capacity and invest in environmental projects. The facility includes a $105m 5-year B loan, heard paying in the general Libor plus 425bp area, and a $20m 8-year A loan, paying an additional 37.5bp, according to people familiar with the deal. The deal took close to a year to fund thanks to difficulties commercial banks had in approving the credit to the Argentine borrower

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