Strabag refinancing EUR 2.4 billion in loans before maturity

Press Wire ♦ Published: January 28, 2016; 09:10 ♦ (Vindobona)

The publicly listed construction and technology group STRABAG SE has taken advantage of the favourable financing environment and recent credit enhancement to refinance two loans totalling EUR 2.4 billion before their original maturity. The conditions and terms to maturity of the EUR 2.0 billion syndicated surety loan and the EUR 0.4 billion syndicated cash credit line have been redefined. The new five-year terms to maturity - i.e. until 2021 - with two options to extend by one year each will further allow STRABAG SE to secure its comfortable financing position for the long term.

Strabag refinancing EUR 2.4 billion in loans before maturity / Picture: © Vindobona.org

 

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