Conti plans early loan refi

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Conti plans early loan refi

Continental, the debt-laden car parts supplier, said today that it will refinance or repay a Eu3.5bn loan tranche due in August next year by the end of the first quarter. The German borrower, rumoured to be planning a bond issue, also said it would launch a Eu1bn-Eu1.5bn capital increase in that time.

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