UPDATE 2-Brazil's Intercement delays local bond payment by 90 days [Reuters]
Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA)
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Source: Reuters
UPDATE 2-Brazil's Intercement delays local bond payment by 90 days (Updates with creditors approval, credit research report) By Tatiana Bautzer and Carolina Mandl SAO PAULO, April 14 (Reuters) - Creditors of Brazilian cement company Intercement Brasil SA agreed on Tuesday to delay a principal payment of its local bonds scheduled for April 19 by 90 days, it said in a statement. A creditors assembly agreed to payment of interest on April 19 and deferral of principal payment to July 16. Intercement had initially proposed a deferral until July 20. Market sources said July 16 was chosen to avoid the perception that local bonds would have a lower priority than international bonds, which have a $21.5 million coupon payment expected for July 17. In a statement to Reuters, Intercement, which controls Loma Negra Compania Industrial Argentina and operations in Europe and Africa, said the reason for the postponement request is the “uncertainty related to the economic activity, drop in cement sale
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News
- Loma Negra Files Its Annual Report on Form 20-FAccesswire
- Loma Negra Is Still Attractive But Could Test Lows Now Thanks To The Recession [Seeking Alpha]Seeking Alpha
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating.MarketBeat
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was downgraded by analysts at UBS Group AG from a "neutral" rating to a "sell" rating. They now have a $5.00 price target on the stock, down previously from $6.00.MarketBeat
- Why Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
LOMA
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- LOMA's page on the SEC website