Mexico's Cemex says gets bank loan for $1.35 bln to refinance debt

martes 30 de septiembre de 2014 09:10 GYT

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)