Hochtief follows bond with loan in debt markets double tap

UK housing construction from Adobe 9Apr20 575x375
By Mike Turner
26 Apr 2021

Hochtief, the German construction company, has followed up its bond outing with a revolving credit facility. The deals see the company take on around €750m of debt in the run-up to its annual general meeting.

The borrower, rated BBB- by S&P, signed a €252m three year revolver from seven banks.

It comes as the issuer printed a €500m 0.625% April 2029 bond on Tuesday. The company’s AGM is on May 6.

All but two banks on the bond, Crédit Agricole and Mizuho, also appear in ...

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