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Prospect News home > News index > List of issuers V > Headlines for Votorantim Cimentos SA > News item
Published on 3/25/2024 in the Prospect News Canadian Bonds Daily, Prospect News Emerging Markets Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

S&P assigns St. Marys Cement notes BBB

S&P said it assigned a BBB issue-level rating to St. Marys Cement Inc.'s planned senior unsecured sustainability-linked notes due in 2034.

The issuer’s parent Votorantim Cimentos SA, rated BBB, will guarantee the notes.

Votorantim plans to use the proceeds primarily for debt refinancing by purchasing St. Mary’s outstanding amount of the 2027 senior unsecured notes of about $500 million through a tender offer.

The outlook is stable.


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