Strabag refis early, market happy to appease

construction 230-150x
By Mike Turner
26 Mar 2019

Strabag has signed bank facilities totalling €2.4bn, the Austrian construction and technology firm becoming the latest borrower to refinance early amid cheap funding conditions.

Strabag has signed a €2bn five year surety loan and a €400m cash credit line.

Both facilities mature in 2024 and come with two one year extension options.  

“Surety loans are indispensable in the construction sector,” the borrower said. Strabag makes the loans available to its subsidiaries, which then use ...

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