Iberdrola steps forward, ArcelorMittal looking

11 Feb 2009

Spanish energy group Iberdrola has become the latest borrower to secure a forward start facility, extending Eu3.8bn of a Eu5.3bn loan maturing in November. Most of the extended debt now matures in 2012. ArcelorMittal, the Luxembourg-based steel maker, has agreed in principle to extend $4.8bn of syndicated loans maturing in 2010 and 2011. The new facilities extend the tenors until 2012. Read about ArcelorMittal’s deal later today at euroweek.com/loans.

Paul Wallace, +44 (0)20 7440 6034

Click here for more on Iberdrola’s deal ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.