Schmolz + Bickenbach refis loan, extends ABS programme

Steel Mill 1
By Michael Turner
30 Jun 2014

German-Swiss steel firm Schmolz + Bickenbach has signed a €450m refinancing loan and extended its €300m asset-backed securities programme until April 2019.

The syndicated loan was due to mature in April 2015. The new refinancing revolving credit facility has a five year tenor and will mature in 2019.

The loan was arranged by bookrunners BNP Paribas, Commerzbank, Credit Suisse, UBS and UniCredit. All lenders were scaled back after the deal was ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial