Business
GCC Successfully Concluded Bank Debt Agreements
CHIHUAHUA, Mexico, April 16, 2025 (GLOBE NEWSWIRE) -- GCC, S.A.B. de C.V. (BMV: GCC* or “the Company”), a leading producer of cement, aggregates and concrete in the United States and Mexico, announces the successful signing of credit agreements to finance a portion of the cement plant expansion in Odessa, Texas. The financing includes two bank loan agreements of approximately US$135 million dollars, with maturities of five and ten years. These agreements reflect GCC’s ongoing commitment to stren
About this update from Gcc Sab De Cv
[{"type":"image","alt":"GCC, S.A.B. de C.V.","displaySize":"","headline":null,"caption":"GCC, S.A.B. de C.V.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":115,"url":"https://media.zenfs.com/en/globenewswire.com/551b18a42022f64957ead650d66d78d2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YPLVAnDR1PzGXWQeCB208A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/551b18a42022f64957ead650d66d78d2","width":300,"height":115}},"lazy":false},{"type":"text","content":"CHIHUAHUA, Mexico, April 16, 2025 (GLOBE NEWSWIRE) -- GCC, S.A.B. de C.V. (BMV: GCC* or “the Company”), a leading producer of cement, aggregates and concrete in the United States and Mexico, announces the successful signing of credit agreements to finance a portion of the cement plant expansion in Odessa, Texas.","length":313,"tagName":"p"},{"type":"text","content":"The financing includes two bank loan agreements of approximately US$135 million dollars, with maturities of five and ten years.","length":127,"tagName":"p"},{"type":"text","content":"These agreements reflect GCC’s ongoing commitment to strengthening its operational and financial performance, while enhancing the Company’s financial flexibility.","length":162,"tagName":"p"},{"type":"text","content":"About GCC ","length":9,"tagName":"p"},{"type":"text","content":"GCC is a leading supplier and producer of cement, concrete, aggregates, and construction‐related services in the United States and Mexico, with an annual cement production capacity of 6 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC*.","length":315,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This press release may contain forward-looking statements. All statements that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “intend,” “project” and similar expressions are generally intended to identify forward-looking statements. These statements are subject to risks and uncertainties including, among others, changes in macroeconomic, political, legal, public health crises including COVID-19, governmental or business conditions in the markets where GCC operates; changes in i...