Loma Negra (LOMA) recently conducted a bond exchange, issuing new Class 6 bonds and accepting Class 3 bonds as payment, reducing its Class 3 debt to US$40.29 million. This move aims to reshape the company’s debt profile amid challenges in Argentine construction activity and volatile macroeconomic conditions. While the exchange impacts future interest costs and balance sheet resilience, the company’s investment narrative remains tied to volume recovery and profitability in a challenging environment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Does Loma Negra (LOMA)'s Latest Bond Exchange Quietly Redraw Its Long-Term Risk Profile?
Loma Negra (LOMA) recently conducted a bond exchange, issuing new Class 6 bonds and accepting Class 3 bonds as payment, reducing its Class 3 debt to US$40.29 million. This move aims to reshape the company’s debt profile amid challenges in Argentine construction activity and volatile macroeconomic conditions. While the exchange impacts future interest costs and balance sheet resilience, the company’s investment narrative remains tied to volume recovery and profitability in a challenging environment.