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12/06/2012

Wienerberger Extends Credit Line Until 2016


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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