Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure - S&P Global Ratings’ Credit Research

Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure

Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure - S&P Global Ratings’ Credit Research
Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure
Published Dec 16, 2020
Published Dec 16, 2020
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Abstract:

MEXICO CITY (S&P Global Ratings) Dec. 16, 2020--S&P Global Ratings said today that Elementia S.A.B. de C.V.'s (BB-/Negative/--) recently announced redemption of its 5.5% senior unsecured notes due 2025 should improve its capital structure by reducing its exposure to foreign currency volatility. Moreover, the company estimates financial cost savings will be generated after the transaction concludes. Elementia plans to redeem the $425 million of the notes' principal on Jan. 15, 2021, at the stated redemption price in the indenture of 101.833% of the principal amount, in addition to the semiannual coupon payment due on the same day. In our view, the transaction could improve the company's capital structure in terms of its exposure to foreign currency volatility, although almost half

  
Report Type:

Bulletin

Ticker
3255475Z@MM
Issuer
GICS
Building Products (20102010)
Sector
Global Issuers
Country
Region
Latin America
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure" Dec 16, 2020. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Elementia-S-A-B-de-C-V-s-5-5-Senior-Notes-Redemption-Should-Improve-Its-Capital-Structure-2571940>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Elementia S.A.B. de C.V.'s 5.5% Senior Notes Redemption Should Improve Its Capital Structure Dec 16, 2020. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Elementia-S-A-B-de-C-V-s-5-5-Senior-Notes-Redemption-Should-Improve-Its-Capital-Structure-2571940>
  
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