Heimo Scheuch: "Wienerberger Bricks Secures Liquidity Reserves up to 2019"

Published: November 21, 2014; 14:30 · (Vindobona)

Wienerberger AG today announced the conclusion of a new revolving credit line with a volume of Euro 400 million. It has a term extending to November 2019, replaces the previous facility and provides ongoing financing for general corporate purposes. According to Wienerberger, the strong interest led to an increase in the volume from the originally planned Euro 350 million to Euro 400 million. The bank consortium includes 10 banks under the direction of the long-standing partners Danske Bank A/S, Raiffeisen Bank International AG and UniCredit Bank Austria AG.

Heimo Scheuch: "Wienerberger bricks secures liquidity reserves up to 2019" / Picture: © Wienerberger AG

"The banking sector has stabilized significantly in recent years. Banks are again playing a stronger role in corporate financing with attractive conditions, and we were able to take advantage of these favorable and improved terms. I see this as a further step towards creating an even more balanced financing profile and a sign of the good cooperation with our core banks", commented Heimo…

This article includes a total of 207 words.

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