Monterrey, Mexico. December 17, 2024 – Nemak, S.A.B. de C.V. (BMV: NEMAK) (“Nemak” or the “Company”) announced today the closing of a US$200 million green loan facility, which proceeds will be used to refinance existing debt in the same amount.
This transaction extends the loan's maturity from 2027 to 2030, improving the company's liquidity and demonstrating its commitment to disciplined financial management in line with its corporate strategy.
The refinancing was structured as a club deal green loan involving the same two financial institutions that participated in the original 2022 agreement. The facility maintains a 5-year bullet maturity and a variable SOFR-based interest rate.
" By maintaining a strong financial position and strategically managing our debt, we reaffirm our commitment to delivering sustainable returns and maximizing shareholder value. The successful conclusion of this transaction highlights our dedication to disciplined financial management and supports our vision for future growth and success"
About Nemak
Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for e-mobility, structure & chassis, and ICE powertrain applications. In 2023, it generated revenue of US$5.0 billion. For more information about Nemak, visit nemak.com