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Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line
The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400m with a consortium of banks.
Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line / Picture: © Strabag SE
With a term of five years, the credit line represents a long-term loan commitment with which STRABAG will be able to maintain its comfortable liquidity position.
The syndicated cash credit line partially replaces already existing short-term bilateral credit lines, provides an overall improvement of the liquidity reserves and in particular can be used to balance out the cash…
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