Strabag refis early, market happy to appease

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
...
Already a subscriber? Login
Further Reading
-
Investment Grade
Soltec bumps up bank debt after IPO
-
Leveraged Loans
HIG Capital hires another MD for European direct lending biz
-
Emerging Markets
DB leads ECA-backed funding for Ghana infrastructure projects
-
Syndicated Loans
GlobalCapital Syndicated Loan, Leveraged Finance and Private Debt Awards 2020: the full results