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Mexichem Announces It Has Signed a Short-Term Loan to Refinance Its Credit Facility Signed in December 2017

Mexichem Announces It Has Signed a Short-Term Loan to Refinance Its Credit Facility Signed in December 2017

Investor News
March 29, 2019

Tlalnepantla de Baz, Estado de Mexico, March 29, 2019 – Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) announces that today has signed a short-term loan of $200 million dollars, to refin...

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Tlalnepantla de Baz, Estado de Mexico, March 29, 2019 – Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) announces that today has signed a short-term loan of $200 million dollars, to refinance the credit agreement for $200 million announced on December 20th, 2017 related to the Netafim’s acquisition.

The most relevant terms of this short-term loan agreement are:

  • Maturity: 12-months from the borrowing date (March 29th, 2019).
  • Annual interest rate: 1-month Libor + 49.6 basis points.
  • Interest payment period: Monthly.
  • No penalty for prepayments on interest payment dates.

Click here for the press release

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