Finance Colombia » Industry & Commerce

Interview: Tecnoglass CFO Santiago Giraldo Discusses The Company’s New $300 Million USD Credit Facility + Land Deal For New Factory

Tecnoglass (NASDAQ: TGLS) just closed on a $300 million USD credit facility from a syndicate of banks. In this Finance Colombia exclusive interview with CFO Santiago Giraldo, he also explains the company's innovative stock-for-land real estate deal for the site of their new...

Posted On November 3, 2020

, By Loren Moss

Tecnoglass Successfully Closes On $300 Million USD Credit Facility

With a new $300 million USD senior secured credit facility consisting of a $250 million delayed draw term loan and a $50 million committed revolving credit facility, Tecnoglass expands its borrowing capacity, significantly reduces cost of capital, lowers interest expense by an...

Posted On November 2, 2020

, By Loren Moss

Interview: Colombia’s New Puerto Antioquia Ocean Port Will Lower Costs & Boost Competitiveness

This new port, along with major highway construction projects upgrading the road connectivity, is expected to increase the competitiveness and lower the transportation cost for the export and import of goods into Colombia.

Posted On October 28, 2020

, By Loren Moss

Beautiful Colombian woman shops at PriceSmart

August PriceSmart Sales Flat, Pressured By Coronavirus Pandemic

For the five weeks ended August 30, 2020, comparable net merchandise sales for the 42 warehouse clubs open at least 13 ½ full months decreased 2.8% when compared to the same period last year.

Posted On October 26, 2020

, By Loren Moss

Tecnoglass Declares Cash Dividend For Q3 2020

Coming off a record breaking second quarter, Barranquilla, Colombia based Tecnoglass (NASDAQ: TGLS) has declared a cash dividend of $0.0275 USD per share, or $0.11 per share on an annualized basis for the third quarter of 2020. The dividend will be paid to shareholders of record...

Posted On September 15, 2020

, By Loren Moss

Loren Moss (l) & Santiago Giraldo (Photo credit: Liliana Padierna)

Interview: Tecnoglass Having A Record-Breaking Year Despite Pandemic & Temporary Shutdown – CFO Santiago Giraldo Explains How

Finance Colombia executive editor Loren Moss was able to speak with Tecnoglass CFO Santiago Giraldo to understand the company's extraordinary first half of 2020, how it is navigating the pandemic, and what investors can expect from the joint venture with Saint Gobain, and the...

Posted On September 1, 2020

, By Loren Moss

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

The board’s resignation left the utility’s CEO, Álvaro Guillermo Rendón trying to explain to the media and public why the entire board of directors resigning or the mayor’s actions are nothing to worry about.

Posted On August 17, 2020

, By Loren Moss

Despite Temporary COVID-19 Plant Shutdown, Tecnoglass Reports Record Backlog, Margins

Barranquilla, Colombia based glass & aluminum manufacturer Tecnoglass (NASDAQ: TGLS) reported second quarter results yesterday, highlighting a record $550 million USD order backlog, up 4.8% over the previous year, and record cash flow from operations of $24.3 million, despite...

Posted On August 7, 2020

, By Loren Moss

DHL Express To Open 10 New Retail Service Locations In Colombia

DHL Express announced that it is in the process of opening 10 additional retail service centers throughout Colombia during the second half of 2020 to serve growing demand for international express shipping.

Posted On July 30, 2020

, By Loren Moss

Puerto Antioquia Gets $110 Million USD Debt Financing From Global Infrastructure Partners

Global Infrastructure Partners Capital Solutions Funds I and II (“GIP CAPS”) has closed on a $110 million USD secured holding company term loan investment in Puerto Antioquia Holdings S.A.S., the port terminal in the Gulf of Urabá on the Atlantic coast of Antioquia, Colombia

Posted On July 28, 2020

, By Loren Moss