30 de septiembre de 2014 / 13:13 / en 3 años

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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