Tognum revs up with €300m refi

Tognum, the German engine manufacturer, has agreed a new credit line of €300m from a syndicate of eight banks. The revolver has a five year maturity.

  • 09 Aug 2012

Commerzbank was the co-ordinator on the deal along with Bayern LB, DZ Bank, Deutsche Bank, Helaba, LBBW, SEB and UniCredit. The line was oversubscribed and the lenders’ commitments were scaled back.

After signing the new agreement, Tognum will refinance the consortium financing agreed during its IPO in 2007. ...

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