EconomyFinancialLAST MINUTE: Gruma obtains a new credit for 100...

LAST MINUTE: Gruma obtains a new credit for 100 million dollars

Mexican Gruma, one of the largest producers of corn flour and tortillas in the world, said on Friday that it obtained a line of credit for 100 million dollars that it will use for general corporate purposes.

The five-year line of credit was granted by Cooperatieve Rabobank UA New York Branch and Bank of America, Gruma said in a statement sent to the Mexican stock exchange.

This financing joins the credit of 150 million dollars that the company announced at the end of July, also intended for general corporate uses.

In addition, on Tuesday Gruma said it had received a line of credit of 125 million dollars, also for five years, in this case dedicated to refinancing liabilities.

Gruma's debt amounted to 1.7 billion dollars at the end of June, according to its financial report for the second quarter, 4% higher than that recorded three months earlier.

In February of this year, the company announced that it had to temporarily suspend operations at its plant in Ukraine, due to the Russian invasion of that country.

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