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Building materials maker Even Pina Construction Brands, owned by investment fund Clayton Duvilla & Rice, will raise about $500 million secured by its metals business as part of a deal with alternative beer Monarch, Bloomberg reports. In the past, funding was delayed due to negotiations with creditors to resolve the company's debt load, which stood at $5.2 billion as of July 4. For the purpose of issuing new debt, assets will be transferred to a specially created subsidiary.

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Building materials maker Even Pina Construction Brands, owned by investment fund Clayton Duvilla & Rice, will raise about $500 million secured by its metals business as part of a deal with alternative beer Monarch, Bloomberg reports. In the past, funding was delayed due to negotiations with creditors to resolve the company's debt load, which stood at $5.2 billion as of July 4. For the purpose of issuing new debt, assets will be transferred to a specially created subsidiary.

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