Europe / Middle East / Africa
Lafarge obtains extension for 1.2 billion-euro credit facility
Mar, 21 2012
(France) -- Lafarge SA (LG), the world’s biggest cement maker, has extended a 1.2 billion-euro ($1.6 billion) credit facility, according to a statement from the company.
The credit line, originally due to mature in July 2013, will now run to July 2015 after a deal supported by 24 lenders, the Paris-based company said.
The facility doesn’t include any default clauses linked to financial covenants, credit ratings or material adverse change, according to the statement.
Siam Cement, Thailand's largest industrial conglomerate, forecast on Wednesday that its fourth-quarter net profit would rise from the third quarter as petrochemical strength offsets weakness in construction materials.
Lafarge Africa's nine months 2014 consolidated results for its Nigerian and South African businesses show an after tax loss of 378.0% at 129.881 billion Nigerian naira compared with the same period in 2013. More