Cimpor Extends Maturity Of Debt, Adds Credit Lines
December 02 2010 - 1:27PM
Dow Jones News
Portugal's Cimentos de Portugal SGPS SA (CPR.LB) said Thursday
it had extended the maturity of its debt by almost two years
through several financing deals with a slew of banks.
The transactions included a EUR320 million syndicated loan
agreed with BNP Paribas SA (BNP.FR), Caixa Geral de Depositos, ING
Groep NV (ING) and Societe Generale SA (SCGLY) that will serve as
an alternative to an existing eurobond market loan.
It also set up a EUR150 million credit facility with Citigroup
Inc. (C) and Royal Bank of Scotland Group PLC (RBS.LN), EUR110
million club deal with Banco Bilbao Vizcaya Argentaria SA (BBVA.MC)
and ING, while Banco Santander SA (SAN.MC) committed to underwrite
EUR100 million in commercial paper for three years.
Finally, it is extending to $200 million an already announced
private placement.
-By Christopher Bjork, Dow Jones Newswires; 34 91 395 81 23;
christopher.bjork@dowjones.com
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