Granular Aggregates
Search documents
Loma Negra (LOMA) $500M Bond Placement to Fund Operations
Yahoo Finance· 2026-02-10 17:20
Core Viewpoint - Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) is identified as a promising high-upside materials stock, particularly following its recent bond issuance aimed at supporting its operations in the Argentine construction industry [1]. Group 1: Financial Transactions - On January 20, Loma Negra closed a public placement of $500 million in Class 6 negotiable bonds under its existing non-convertible bond program [1]. - The company placed $60 million in Class 6 bonds with a 6.50% interest rate and 100% of face value, with issuance and settlement set for January 23 [3]. - The bonds have a 36-month bullet maturity and will feature semiannual interest payments, providing medium-term financing stability for the company's operational needs [3]. Group 2: Stock Performance - Following the bond deal, Loma Negra's stock price increased from $11.55 on January 20 to $12.36 on January 27, before experiencing an 8-day decline to $10.78 by February 5 [3]. Group 3: Company Overview - Loma Negra is an Argentine cement manufacturing company that sources raw materials from quarries, produces and sells concrete, and provides railroad transportation services and granular aggregates [4].