-Portugal's Cimentos de Portugal SGPS SA (CPR.LB) said Thursday it had extended the maturity of its debt by almost two years through several financing deals with a slew of banks.
The transactions included a EUR320 million syndicated loan agreed with BNP Paribas SA (BNP.FR), Caixa Geral de Depositos, ING Groep NV (ING) and Societe Generale SA (SCGLY) that will serve as an alternative to an existing eurobond market loan.
It also set up a EUR150 million credit facility with Citigroup Inc. (C) and Royal Bank of Scotland Group PLC (RBS.LN), EUR110 million club deal with Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) and ING, while Banco Santander SA (SAN.MC) committed to underwrite EUR100 million in commercial paper for three years.
Finally, it is extending to $200 million an already announced private placement.
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