Cemex SAB de CV : Cemex Secures Creditor Agreement for Refinancing : Executive - FT
09/10/2012| 08:15pm US/Eastern
Mexican cement producer Cemex SAB (CX) has surpassed the minimum acceptance requirements to push ahead with a plan to refinance a $7.3 billion loan due in 2014, the Financial Times reported Monday on its website, citing Jose Gonzalez, the company's vice-president of corporate finance.
Creditors holding more than 92.6% of the loan had agreed to the refinancing, and under the plan, which also involves a $1 billion payment next year, maturities on the loan would be extended by three years to 2017, the report said.
Full Story: http://www.ft.com/intl/cms/s/0/c4d87882-fb6a-11e1-b5d0-00144feabdc0.html#axzz2614qo8CD
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