Displaying items by tag: Banorte

Mexico: Cemex has increased its borrowing under a credit agreement with Banorte by 15% to US$347m, and extended its maturity to 2028 from 2026 previously.

Cemex told investors "The credit agreement, denominated in Mexican pesos, will have an interest rate margin dependent on the leverage ratio slightly lower than that applicable prior to the refinancing, and financial obligations consistent with an investment grade capital structure."