Obrascón Huarte Lain mulls larger forward start

Construction firm Obrascón Huarte Lain may increase the size of a Eu190m forward start facility, which the Spanish company will use to extend debt due to mature in January 2011. The margin on the forward start, which was launched last month is thought to be 275bp, an increase on the 225bp price on the existing facility.

  • 19 Mar 2010

Caja Madrid, Crédit Agricole and Royal Bank of Scotland are arranging the facility for OHL, which recently reported earnings of Eu746.9m in 2009.

At the end of the year, the company’s total net debt stood at Eu3.447bn. In December, it had raised Eu200m through a rights issue to ...

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