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News Trinidad Cement amends loan terms with Citibank and Scotiabank

Trinidad Cement amends loan terms with Citibank and Scotiabank

Written by Global Cement staff 05 June 2025
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Trinidad & Tobago: Trinidad Cement (TCL) has amended its loan agreements with Citibank and Scotiabank for the third time. The TCL board entered a third amended and restated agreement to its 24 July 2018 loan deal, under which Citibank and Scotiabank will each lend US$20m.

The loan repays TCL’s obligations under earlier agreements with Republic Bank and RBC Merchant Bank dated 22 July 2021. TCL’s parent company Cemex guarantees the loan. It owns 69.83% of TCL through holding company Sierra Trading.

Last modified on 11 June 2025
Published in Global Cement News
Tagged under
  • Trinidad Cement
  • Loan
  • agreement
  • Citibank
  • Scotiabank
  • Cemex
  • Americas
  • GCW713
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