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Mexico's Vitro says will use $75 million loan in U.S. to pay off debt

MEXICO CITY (Reuters) - Mexican glass producer Vitro said on Friday that some of its units in the United States will receive a total of $75 million in financing from ING Bank NV, which will go towards the early payment of existing debt.

“With the provision of this loan, on March 1, 2021, we will successfully execute the total refinancing plan of the syndicated loan debt,” Vitro said in a statement.

Reporting by Daina Beth Solomon

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