Loma Negra Cancels Negotiable Notes

Argentine’s largest cement producer, Loma Negra, will cancel all its negotiable notes worth $30.2 million on March 6 as part of its debt restructuring. In January the company bought back $233.8 million of its bonds. The cement producer will also issue $100 million of new notes as part of its refinancing strategy. Last year Loma Negra was taken over by Brazilian group Camargo Correa in a deal worth just over $1 billion.