Trinidad Cement Limited (TCL) has advised that it proposes to issue Senior Secured First Lien Notes in an aggregate principal amount not exceeding the equivalent of US$325,000,000 to be issued in a Trinidad and Tobago Dollar denominated tranche to be distributed to potential investors in Trinidad and Tobago on a private placement basis, and in a United States Dollar denominated tranche, which will be distributed in the United States of America and Canada on a private placement basis. Approximately US$295,000,000 from the proceeds of the offering is expected to be utilized by TCL to pay existing debt. The remainder of the proceeds of the offering is intended to be used for working capital improvement and to pay all fees and expenses associated with the Offering. The Notes are expected to have a tenor of 7 years and to mature in 2021, at which time the full principal amount will become repayable. Interest on the Notes is expected to be fixed and paid on a semi-annual basis in arrears, commencing approximately 6 months after the issuance of the Notes.