GCC, a producer of cement, aggregates, ready mixed concrete and innovative solutions, signed two new credit agreements aimed to finance part of a much-anticipated expansion of its Odessa, Texas, cement plant.
The bank loans amount to $135 million and come with varying maturities, five and 10 years, respectively.
“These agreements reflect GCC’s ongoing commitment to strengthening its operational and financial performance, while enhancing the company’s financial flexibility,” said GCC.
GCC’s operations stretch from the state of Chihuahua in northern Mexico through the U.S. Its distribution network reaches Canada and spreads throughout Latin America.
