Strabag renews € 2 billion syndicated surety loan

People ♦ Published: October 13, 2010; 19:30 ♦ (Vindobona)

Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).

Strabag renews € 2 billion syndicated surety loan / Picture: © Strabag SE

Further bookrunners and mandated lead arrangers are Baden-Württembergische Bank, Bayerische Landesbank, Commerzbank and UniCredit. The volume of the surety loan amounts to € 2.0 billion.

The credit range replaces the previous line in the amount of € 1.5 billion. The credit line will be available to all Strabag subsidiaries for guarantees within the scope of exercising…

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