Special Advisory: Caribbean Cement Company Limited (CCC)

May 30, 2018

Caribbean Cement Company Limited (CCC) has advised that on May 28, 2018, pursuant to the authorization of its Board of Directors, the Company entered into two loan agreements with CEMEX España, S.A., a subsidiary of CEMEX, S.A.B. de C.V.: (i) a term loan agreement for US$50 million bearing an annual interest rate of 7.25% to be repaid in full within 7 years from the signature date; and (ii) a revolving loan agreement for US$52 million bearing an annual interest rate of LIBOR plus 420 basis points to be repaid in full within 7 year from the signature date (the “Loan Agreements”).

The proceeds from the Loan Agreements will be used by CCC to pay Trinidad Cement Limited, its parent company, for the purchase of assets mainly consisting of the Kiln 5 and Mill 5 processes at CCC’s Rockfort, Kingston, Jamaica facilities, pursuant to the equipment sale and purchase agreement dated April 27, 2018, the remainder, if any, will be used for general corporate purchases.

 

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_316932977-700x441
April 23, 2026 Mexico’s inflation rate remained elevated in the first half of April, reinforcing uncertainty around the country’s monetary policy…
shutterstock_453968572
April 23, 2026 United States: US Jobless Claims Edge Up to 214,000 as Layoffs Stay Limited   Applications for US unemployment benefits ros…
shutterstock_609342323
April 22, 2026   Supreme Ventures Limited (SVL) has declared an interim dividend of $0.2289 per stock unit payable on July 2, 2026, to stoc…
shutterstock_382756177
April 22, 2026 Supreme Ventures Limited (SVL) Unaudited financials for the three months ended March 31, 2026: Supreme Ventures Limited (SVL),…
MIL
April 22, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for April 16, 2026, was J$7.52. MJE’s clos…
MIL
April 22, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for April 15, 2026, was J$7.44. MJE’s clos…
MIL
April 22, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for April 14, 2026, was J$7.10. MJE’s clos…
MIL
April 22, 2026 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for April 13, 2026, was J$7.08. MJE’s clos…