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America Movil To Revamp $2B In Debt

America Movil is planning to restructure its five-year-old, $2 billion credit line expiring next month.

America Movil is planning to restructure its five-year-old, $2 billion credit line expiring next month, Bloomberg reports. The Mexican telecom company is seeking two new syndicated revolving credit lines of $2 billion each.

The Mexico City-based company’s dollar-denominated line will be for a period of 3.5 years, while the euro-denominated line will be for five years.America Movil is in talks with lenders including Bank of Tokyo-Mitsubishi, Mizuho Financial Group, Banco Bilbao Vizcaya Argentaria, JP Morgan Chase, Intesa Sanpaolo, Citigroup and SocieteGenerale.

Click here for the story from Bloomberg.

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