The logo of Mexican cement maker CEMEX is pictured at it's plant in Monterrey, Mexico June 8, 2021.
REUTERS/Daniel Becerril/File Photo Acquire Licensing RightsMEXICO CITY, Sept 21 (Reuters) - Mexican cement maker Cemex is in talks to refinance its entire $3 billion credit facility with banks, Bloomberg reported on Thursday, citing company executives.
"We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt," Chief Financial Officer Maher Al-Haffar was quoted as saying in an interview.
A Cemex spokesperson pointed Reuters to prior earnings calls in which executives had discussed the potential of a refinancing.
Last year, ratings agency S&P estimated that in 2023 and 2024, Cemex would face "debt maturities of less than $500 million," noting that the amount was "highly manageable."
Persons:
Daniel Becerril, Maher Al, Haffar, Fernando Gonzalez, Fitch, Cemex, Gonzalez, Kylie Madry, Isabel Woodford, Richard Chang
Organizations:
REUTERS, Bloomberg, Mexico City, Thomson
Locations:
Monterrey, Mexico, MEXICO, Mexican, Costa Rica, El Salvador, Europe