GEA Group wipes out 2011 maturities
Germany’s GEA Group, which makes refrigeration and livestock farming machinery, has increased a syndicated loan from Eu230m to Eu650m and extended its maturity as part of a wider debt refinancing.
It has also increased its Eu200m Schuldschein to Eu220m and extended Eu128m of the note from August 2011 until August 2013.
The Eu230m facility, a revolver, had been due in 2011. With the refinancing, Eu325m is due in 2013 and Eu325m in 2015.Pricing on the new lines has not ...