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Article: GRUPO DINA ANALYZES FINANCIAL SITUATION
- Article from:
- PR Newswire
- Article date:
- January 12, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Jan. 12 /PRNewswire/ -- After giving effect to the recent peso devaluation, at December 31, 1994, Consorcio G Grupo Dina S.A. de C.V. (NYSE: DIN/DIN.L) had total dollar denominated long-term debt of approximately US$314 million, of which US$150 million corresponds to Dina's Eurobond issue which matures in November 1997 and US$164 million from a Convertible Subordinated Debenture due August 2004. With regard to short-term debt, Grupo Dina has a total of approximately US$15 million due to mature within the next 60 days. The Company is presently, negotiating with its suppliers to extend the terms of payments.
The Company believes that its present cash and ...