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News Argos USA obtains loan

Argos USA obtains loan

Written by Global Cement staff 15 September 2022
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US: Argos USA has obtained a US$750m loan for the financing of its working capital and capital expenditure and refinancing of its debt. The loan is linked to environmental, social and governance (ESG) metrics. Bank of Nova Scotia, BNP Paribas, JP Morgan Chase Bank, SMBC and Bank of New York Mellon lent the funds, assisted by Cuatrecasas.

Parent company Cementos Argos said "With this credit agreement, around 44% of Cementos Argos' consolidated debt will be linked to ESG indicators, bringing it closer to the 50% target for 2022 previously announced to the market, and thus reaffirming the company's commitment to meeting ambitious goals in terms of sustainable growth."

Last modified on 21 September 2022
Published in Global Cement News
Tagged under
  • US
  • Argos USA
  • Cementos Argos
  • Grupo Argos
  • Loan
  • bank
  • Environment
  • Sustainability
  • Finance
  • funding
  • Debts
  • Investment
  • JP Morgan Chase & Co
  • BNP Paribas Securities
  • Bank of Nova Scotia
  • target
  • CO2
  • GCW575
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