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.
Savannah Cement, a Kenyan cement producer, is to begin operations in Rwanda early next year. More
US Concrete, in a concurrent, but separate transaction to its acquisition of New York Sand and Stone, has entered into an exclusive sales and marketing agreement with Inwood Materials Terminal. More