Empresas ICA. (Panorama: Mexico).
EMPRESAS ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. , a Mexican construction company, signed a US$114 million loan with Grupo Financiero Inbursa, a Mexican financial institution, to refinance Refinance
1. When a business or person revises their payment schedule for repaying debt.
2. Replacing an older loan with a new loan offering better terms.
Notes:
When a business refinances they typically extend the maturity date. debt. ICA has refinanced approximately $36 million and repurchased almost $7 million of its subordinated bonds Subordinated bonds
Securities that fall after others in priority of claims on the entity in the case of financial distress. .
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