Moody's rates IMSA after restructuring

Moody's rates IMSA after restructuring

Debt Loans Credit Ratings Moody's Investors Service Guatemala Central America Energy

Moody's said it has assigned a B1 rating with a stable outlook to Guatemala's Ingenio Magdalena (IMSA) after the sugar and ethanol producer refinanced $513 million in bank debt. "The new debt structure will improve the company's liquidity by reducing its annual debt amortizations to around $24 million from 2023 to 2032 with no significant maturities until a $250 million amortization in 2029," Moody's said in a report on Monday. IMSA also has access to a $60 million revolving credit line that Moo

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