Eiffage doubles bank loan in sustainability refi

construction px230
By Mike Turner
16 May 2019

France’s Eiffage has doubled the size of its revolving credit line to €2bn, with the civil engineering construction company becoming the latest name to add social and environmental language to its loan documentation.

Lenders piled into the deal, which was oversubscribed by 45%. The oversubscription was largely driven by how slow the loans market has been so far this year.

“Where else are people going to get assets?” said one banker that worked on the deal. “I think everyone must have ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial