XIGNUX ROLLS OVER MXN 2.5 BILLION IN DEBT
To do this, Xignux took out a number of long-term bilateral bank loans with some of its leading relationship bankers.
This action is consistent with the year’s financial plan and the company’s conservative financial policy. It reduces refinancing risk while improving the company’s debt profile and financial costs.
After this refinancing, the next significant maturities for Xignux are scheduled for 2024, and are made up of loans from various financial institutions.
This transaction supports the company’s long-term continuity and sustainability.
Xignux has reported solid results this year despite the COVID-19 pandemic, due to its geographic diversification and the industries in which it participates.
Xignux is a corporation with more than 26,000 employees with leading businesses in the energy and food industries.
Xignux was founded 65 years ago and currently has operations in five countries; its solutions reach more than 40. www.xignux.com