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Voestalpine Broadens Measures to Safeguard Liquidity

Published: November 24, 2011; 18:32 · (Vindobona)

The Austrian steel company has agreed on a syndicated loan of € 800m in two tranches in order to safeguard medium and long-term financing.

Voestalpine Broadens Measures to Safeguard Liquidity / Picture: © Voestalpine AG

The voestalpine Group is responding quickly to the changing market situation. In total the company will be supplied with two tranches of € 400m, each with a maturity of five years, issued by a consortium of eleven banks.

The first tranch will safeguard liquidity needs for investments and repayments during the business year 2012/13. The second tranch is intended to cushion…

This article includes a total of 169 words.

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