Voestalpine signs debut syndicated loan
Austria’s Voestalpine, the steelmaking firm, has wrapped up its debut syndicated loan, signing a €800m five year deal with 11 relationship banks. Crédit Agricole and UniCredit co-ordinated the facility, which was oversubscribed but not increased.
Some 400m of the facility will be used for liquidity needs for investments and repayments over the 2012-2013 financing year, while another 400m tranche will be used as a backstop for future financing.
Around two thirds of the syndicate banks are international, while Austrian lenders make up the
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