The
Austrian building materials company Wienerberger AG (WIE.VI) said it secured an
early extension of a EUR250 million revolving credit line until May 2016.
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.
Source The Wall
Street Journal
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