November 15, 2017
Cemex has requested a $50m non-committed line of credit from IDB Invest, according to a statement issued by the multilateral lender.
Mexico's cement company would likely get the credit line in either Mexican pesos or dollars, the statement showed. Proceeds will be used to access the eFactor Network platform, which is then used to boost Cemex's working capital.
The facility matures in a year, but the company has the option to renew the credit line annually for six years, but at the discretion of
Mexican cement unit approaches multilateral lender for $50m