ICA Announces the Pricing of US$350M of Senior Notes Due 2017
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE: ICA), announced today that it has priced US$ 350 million of new Senior Notes due 2017 (the "Notes"). The Notes have a coupon of 8.375% per year payable semi-annually, with a yield to maturity of 8.625%.
The Notes are being issued pursuant to exemptions from registration provided under Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes will be issued by Empresas ICA, S.A.B. de C.V. ("ICA") and guaranteed on a senior unsecured basis by Constructoras ICA, S.A. de C.V., Controladora de Operaciones de Infraestructura, S.A. de C.V. and Controladora de Empresas de Vivienda, S.A. de C.V., each a subsidiary of the Company.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.