Wienerberger Extends Credit Line Until 2016
May 23 2012 - 6:16AM
Dow Jones News
The Austrian building materials company Wienerberger AG (WIE.VI)
Wednesday said it secured an early extension of a EUR250 million
revolving credit line until May 2016.
MAIN FACTS:
-The syndicated loan, originally due in 2013, is available for
general corporate finance until May 2016.
-Since the financial crisis, the company has continually lowered
its debt ratio, raising its own funds and assuring debt will only
need to be refinanced in small amounts until 2018, Chief Financial
Officer Willy Van Riet said.
-The consortium centered around The Royal Bank of Scotland plc.
(RBS) and UniCredit Bank Austria was increased by two members
bringing the total number of lenders to 15.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500