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| Cemex to refinance bank debt Mexican cement maker Cemex announced that it continues to make significant progress with its core banks who represent a majority of the сompany's outstanding bank debt. As a result of these discussions, Cemex is presenting its proposal to the сompany's full syndicate of banks in two meetings, the first of which was held in New York on June 29 with the second scheduled for Madrid on July 1. The key component of the proposed refinancing plan is a revised maturity schedule on a new facility encompassing U.S. $14.5 billion in bank debt that would run through February 2014. This revised schedule would shift 2009-2011 maturities substantially into the future. write your comments about the article :: © 2009 Construction News :: home page |