Grupo Cementos de Chihuahua SAB de CV : GCC succesfully concluded the refinancing of its bank debt
July 28, 2015 at 08:34 pm EDT
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GCC SUCCESSFULLY CONCLUDED THE REFINANCING OF ITS BANK DEBT.
Chihuahua, Chihuahua, July 27, 2015- Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC* or "the Company") hereby announces the successful refinancing of its syndicated bank loan, achieving a reduction of costs, improving the maturity profile of its bank debt and securing better contractual terms.
These substantial changes to financing terms reflect GCC's continued efforts to significantly improve its operating and financial results, and provide the Company with greater financial flexibility.
The refinancing consists of a syndicated bank loan equivalent to USD$194 million dollars, to mature in five years, in which the lead arrangers were BBVA Securities, Citigroup Global Markets and The Bank of Nova Scotia. In addition to the lead arrangers, Comerica Bank, Sabadell Capital, Banco del Bajio, Banco Monex, Banco Nacional de Comercio Exterior, Banco Latinoamericano de Comercio Exterior and J.P. Morgan Chase Bank participated in the transaction.
About GCC
GCC is a leading supplier of cement, aggregates, concrete and construction‐related services in Mexico and the United States. The Company has an annual cement production capacity of 4.6 million tons.
Founded in 1941, the Company's shares trade on the Mexican Stock Exchange under the ticker symbol
GCC*.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
