Foley Represents Multinational Company TCL in Significant Debt Restructuring

29 June 2012 Media Contact: Jill Chanen News
Foley successfully represented Trinidad Cement Limited (TCL) Group, the Caribbean’s leading producer of cement products, in one of the year’s largest restructuring matters in the Caribbean, collectively re-profiling nearly TT$1.95 billion (approximately US$310 million) of the group’s outstanding debt. The Foley team, led by Miami of counsel John L. Murphy, handled the multijurisdictional workout for TCL Group, which resulted in an improvement in the group’s debt maturity profile and an increase in its financial flexibility.

The restructuring plan extends the maturities of its existing obligations with more than 30 regional and international financial institutions and bondholders, with a final maturity of December 30, 2018.

TCL Group is comprised of Trinidad Cement Limited, a multinational public company based in Trinidad and Tobago, and subsidiaries in Trinidad, Barbados, Guyana, Jamaica and Anguilla.

Related Services


Upcoming Webinar: Maximizing Solar Tax Credits - Navigating the Start of Construction Rules (Part 1)
17 September 2019
Renewable Energy Outlook
When Birds Finally Find a Nest
17 September 2019
Dashboard Insights
DHS Moves Closer to Launching its H-1B Cap Registration System
16 September 2019
Labor & Employment Law Perspectives
Be Aware of Potential Legal Restrictions When Implementing a Workplace Weapons Policy
16 September 2019
Labor & Employment Law Perspectives
MedTech Impact Expo & Conference
13-15 December 2019
Las Vegas, NV
Review of 2020 Medicare Changes for Telehealth
11 December 2019
Member Call
BRG Healthcare Leadership Conference
06 December 2019
Washington, D.C.
CTeL Telehealth Fall Summit 2019
04-06 December 2019
Washington, D.C.