Simpson Thacher Represents Lead Arrangers in US$660 Million Bridge Acquisition Financing to Cementos Argos
10.28.16
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The Firm is representing J.P. Morgan, Bank of America Merrill Lynch and Natixis in connection with a US$660 million bridge loan financing to Cementos Argos S.A. The loan proceeds will be used to finance the acquisition of the U.S. assets owned by HeidelbergCement AG, including its Martinsburg, West Virginia cement plant and eight related terminals.
Argos is the leading cement producer in the Colombian market, being present in 13 countries and exporting to more than 35 destinations.
The Simpson Thacher team includes Juan F. Méndez and Matías Anchordoqui Gancedo (Capital Markets); and Ismael Durán and Alejandro Milá Valle (Banking & Credit).