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Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line

Published: December 21, 2012; 13:45 · (Vindobona)

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…

This article includes a total of 252 words.

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