Ferrovial overhauls debt structure with Eu3.3bn loan
Spanish building and infrastructure group Grupo Ferrovial, which controls UK airport operator BAA, has signed banks into a Eu3.3bn deal which amalgamates some of the group’s existing loans.
The borrower is one of the most prominent companies in Europe to join the rush of deal signings in Europe at the end of the first half of the year.
Ferrovials new financing structure binds together its corporate debt at the parent company level, paving the way for the group to press ahead with its merger with Cintra, the transport infrastructure company, in which it already has owns 67%.
The plan to integrate Cintra into Grupo Ferrovial required
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