January 14, 2019 |
Votorantim Cimentos has offered to buy back bonds and swap old notes for new notes from its Canadian subsidiary St. Marys Cement.
The Brazilian cement company is looking to repurchase up to $650m of its 7.25% 2041 notes, 3.5% 2022s and 3.25% 2021s. It will buy back at least $500m from the three series of notes, giving priority to the dollar-denominated bonds.
Bondholders that tender their notes by the early deadline on January 24 will receive a $65 premium for every $1,000 in 2041 notes. They w
Brazil's largest cement company looks to repurchase $650m in outstanding notes