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Financial News

Sep 2023 Financial News

Trinidad Cement Limited - Change in Credit Arrangements

Sep 18, 2023

Trinidad Cement Limited (TCL) advises that on September 12, 2023, pursuant to the authorization of its Board of Directors, the company entered into:

 

  1. a revolving loan agreement with Citibank (Trinidad & Tobago) Limited as lender for a principal amount of TT$25 million (US$3.69 million based on an exchange rate of TT$6.77 to US$1.00) 
  2. a revolving loan agreement with RBC Merchant Bank (Caribbean) Limited as lender for a principal amount of TT$25 million (US$3.69 million based on an exchange rate of TT$6.77 to US$1.00) .

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The Trinidad and Tobago Express
Monday 18th September, 2023