Loma Negra (LOMA) $500M Bond Placement to Fund Operations

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Under the presumption of the transaction, Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) placed $60 cardinal successful Class 6 bonds astatine a 6.50% involvement complaint and 100% of look value. The issuance and colony of the notes were acceptable for January 23, followed by a 36‑month slug maturity and semiannual involvement payments. Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) said that this backstage placement provides medium-term financing stableness to enactment its backing needs for operations wrong the Argentine operation industry. Following the deal, the company’s banal roseate from $11.55 successful January 20 to $12.36 connected January 27, earlier a continuous 8-day autumn to $10.78 connected February 5.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) is an Argentine cement manufacturing institution that procures earthy materials from quarries, produces and sells concrete, and offers railroad proscription services and granular aggregates.

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