{"id":604531,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/acc-to-restructure-outstanding-loans-through-new-syndicated-loan\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"acc-to-restructure-outstanding-loans-through-new-syndicated-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/acc-to-restructure-outstanding-loans-through-new-syndicated-loan\/","title":{"rendered":"ACC to restructure outstanding loans through new syndicated loan"},"content":{"rendered":"<p>Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and CIB to restructure its USD 23 mn and EGP 499.3 mn outstanding debt to a local bank, <a href=\"https:\/\/ent.news\/2018\/12\/2349.pdf\">according to a press release (pdf)<\/a>. The facility will give ACC more room to fulfill its long-term strategy to become more competitive through higher energy and cost efficiency, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and CIB to restructure its USD 23 mn and EGP 499.3 mn outstanding debt to a local bank, according to a press release (pdf). The facility will give ACC more room to fulfill its long-term strategy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[1236,204,2372,130,72,7087,131,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604531","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arabian-cement","tag-banking","tag-banking-finance","tag-construction","tag-enterpriseam","tag-finance","tag-manufacturing","tag-trade","wpautop","entry"],"acf":{"mongo_id":"fd674967-2a65-4525-a62f-d6251ab81b29","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"ACC to restructure outstanding loans through new syndicated loan","related_issue":[604497],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.db701466-df76-43b4-9bf9-c1c33475f2ff.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ACC to restructure outstanding loans through new syndicated loan - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/acc-to-restructure-outstanding-loans-through-new-syndicated-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACC to restructure outstanding loans through new syndicated loan\" \/>\n<meta property=\"og:description\" content=\"Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and CIB to restructure its USD 23 mn and EGP 499.3 mn outstanding debt to a local bank, according to a press release (pdf). 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Arabian Cement says the loan will be\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645148,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/arabian-cement-borrows-egp-231-mn-from-national-bank-of-egypt\/","url_meta":{"origin":604531,"position":2},"title":"Arabian Cement borrows EGP 231 mn from National Bank of Egypt","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according to an EGX filing. The loan will be used to finance the purchase of a new coal mill. 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