Brief: Tecnoglass Announces New $300 Million Credit Facility

Tecnoglass Holdings

02/11/2020 12:35

Nov 2 (Reuters) - Tecnoglass Inc  TGLS.O :
    * TECNOGLASS ANNOUNCES NEW $300 MILLION CREDIT FACILITY
    * TECNOGLASS - UNDER TERMS OF AGREEMENT, FACILITY WILL HAVE
AN
INITIAL INTEREST RATE SPREAD OF 3.00%, WHICH CO EXPECTS TO
DECREASE TO A SPREAD OF 2.75% IN APRIL 2021.
    * TECNOGLASS INC - INTENDS TO USE NET PROCEEDS TO REPAY ALL
OUTSTANDING BORROWINGS UNDER ITS PREVIOUS CREDIT FACILITIES

Source text for Eikon:  ID:nGNX9l1gxC 
Further company coverage:  TGLS.O 

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