Holcim hauls in lenders as Cemex presses on with debt talks
The Sfr2bn (Eu1.3bn) equity bridge loan for Swiss cement firm Holcim has closed with nine banks understood to have joined the transaction. The swift completion of the deal was spurred on by the prospect of a quick takeout via a rights issue which will fund the company’s A$2.02bn (Eu1.2bn) acquisition of Cemex’s Australian operations as the Mexican firm bids to restructure its debt.
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