St. Marys Cement asks lenders to lower rate on term loan

By Sara Rosenberg

New York, July 22 - St. Marys Cement Inc. approached lenders on Thursday morning with a request to lower the interest rate on its term loan to Libor plus 200 basis points from Libor plus 250 basis points, according to a market source.

Citigroup is the lead bank on the deal.

St. Marys Cement is a Toronto supplier of cement, ready mix and aggregates.

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