Mexico's Cemex says gets bank loan for $1.35 bln to refinance debt
MONTERREY, Sept 30 (Reuters) - Mexican cement company Cemex said on Tuesday it had inked a new credit agreement with nine banks worth $1.35 bln, the proceeeds of which will be used to refinance debt.
Cemex, which has grappled with a heavy debt burden and cost-cutting since the global downturn, said in a statement the agreement had an average 4 year-term, with equal semi-annual principal payments of 20 percent.
(Reporting by Gabriela Lopez)
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