Hochtief follows bond with loan in debt markets double tap
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 ...