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News UNACEM obtains US$345m loan for Tehachapi cement plant purchase

UNACEM obtains US$345m loan for Tehachapi cement plant purchase

Written by Global Cement staff 06 November 2023
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Peru/US: UNACEM has secured syndicated financing worth US$345m. It will put the funds towards its acquisition of the Tehachapi cement plant in California, US. Contify Banking News has reported that Spain-based BBVA operated as sole lead arranger and global coordinator for the financing.

UNACEM corporate general manager Pedro Lerner said “This operation will strengthen Grupo UNACEM’s investment portfolio in our core business and consolidate our presence in the southwestern region of the US, doubling our installed capacity in the country.”

Last modified on 08 November 2023
Published in Global Cement News
Tagged under
  • US
  • UNACEM
  • Finance
  • funding
  • bank
  • BBVA
  • GCW633
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