Loma Negra (NYSE: LOMA) sells US$60M in 3-year Class 6 bonds at 6.5%
Rhea-AI Filing Summary
Loma Negra Compañía Industrial Argentina Sociedad Anónima reports that it has closed a new debt issuance, its Class 6 negotiable bonds, under an existing non-convertible bond program of up to US$ 500,000,000. The company will issue Class 6 bonds with a face value of US$ 60,000,000 at an issuance price of 100% of face value, meaning the bonds are sold at par.
The bonds carry a fixed annual interest rate of 6.50%, with interest payments scheduled on a six-monthly basis, providing regular coupon payments to bondholders. The issuance and settlement date is January 23, 2026, and the bonds will mature 36 months after that date, with principal repaid in a single bullet payment at maturity.
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Insights
Loma Negra raises US$60M in 3-year bonds at 6.5% interest.
Loma Negra has completed a Class 6 negotiable bond issuance with a face value of US$ 60,000,000 under its broader US$ 500,000,000 non-convertible bond program. The bonds are issued at 100% of face value and pay a fixed annual coupon of 6.50%, giving the company medium-term funding at a defined cost.
The bonds have a tenor of 36 months from the January 23, 2026 issuance and settlement date, with a bullet principal repayment at maturity and six-monthly interest payments. This structure concentrates refinancing and repayment risk at the maturity date, while providing predictable cash interest outflows over the life of the bonds.
From a capital-structure perspective, this deal increases financial debt but also adds committed funding with clear terms. Future disclosures in company filings may provide more detail on how the proceeds are deployed and how this issuance fits within overall leverage targets.
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