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Prospect News home > News index > List of issuers I > Headlines for InterCement Financial Operations BV > News item
Published on 10/1/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Brazil’s InterCement restructures R$1 billion of debentures

By Rebecca Melvin

Concord, N.H., Oct. 1 – InterCement Participacoes SA’s wholly owned subsidiary, InterCement Financial Operations BV, announced that InterCement Group has completed a restructuring of R$1 billion of debentures, according to a release.

Partial amortization of its $750 million 5¾% notes due 2024 follows on the heels of a new R$1 billion debenture by InterCement SA in local currency.

In conjunction with the debt transactions, Participacoes and InterCement Brasil agreed on an intercompany loan agreement of equal amount.

The transactions, which were completed on Thursday, don’t change InterCement Group’s consolidated debt but reduces the debt level of Participacoes.

The construction materials company is based in Sao Paulo.


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