Oerlikon amends Sfr2.5bn loan, set for venture in equity market

  • 05 Jun 2009

Oerlikon, the Swiss industrial machinery firm, has amended its Sfr2.5bn (Eu1.65bn) syndicated loan, resetting its covenants and increasing its margins ahead of a planned equity capital raising exercise.

The moves come in response to falling sales, which have forced the loss-making borrower to restructure its business and strengthen ...

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