Trinidad Ce­ment Ltd (TCL) has en­tered in­to a $100m re­volv­ing loan agree­ment with Sco­tia­bank T&T.

In a no­tice post­ed to the Trinidad and To­ba­go Stock Ex­change on Tues­day, the com­pa­ny stat­ed that “on June 25, 2026, with the au­tho­ri­sa­tion of its board of di­rec­tors, the com­pa­ny en­tered in­to a re­volv­ing cred­it arrange­ment with Sco­tia­bank T&T for an amount of up to $100 mil­lion.”

The no­tice stat­ed the pro­ceeds from the re­volv­ing loan agree­ment will be used for gen­er­al cor­po­rate pur­pos­es.

It added the key terms of the re­volv­ing loan agree­ment are: term - three years; in­ter­est rate - open mar­ket op­er­a­tion rate + 220 bps (cur­rent rate: six-month 2.92 per cent)

The no­tice con­firmed that the loan guar­an­tor is TCL’s Mex­i­can par­ent com­pa­ny Ce­mex, S.A.B.de CV.

In March, TCL re­port­ed an in­crease in an­nu­al rev­enue to $2.38 bil­lion for the fi­nan­cial year end­ed De­cem­ber 31, 2025. How­ev­er it stat­ed its full-year net in­come fell sharply to $92 mil­lion.

In Feb­ru­ary TCL an­nounced a price in­crease for its ce­ment bags af­ter the Na­tion­al Gas Com­pa­ny in­tro­duced a 77 per cent retroac­tive in­crease in nat­ur­al gas prices. It was the sixth price in­crease by TCL since 2021.