PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: HOCHTIEF AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

HOCHTIEF Successfully Refinances Credit Lines of EUR 2 Billion - HOCHTIEF (hochtief.com) has successfully refinanced existing cash loans and guarantee facilities with a combined volume of EUR 2.0 billion
HOCHTIEF Successfully Refinances Credit Lines of EUR 2 Billion

 

NewswireToday - /newswire/ - Essen, Nordrhein-Westfalen, Germany, 2011/12/15 - HOCHTIEF (hochtief.com) has successfully refinanced existing cash loans and guarantee facilities with a combined volume of EUR 2.0 billion.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Bank demand exceeds credit volume by almost 20 percent;
• Tenor of five years; good and attractive conditions;
• Group financing secure long-term as a result.

HOCHTIEF (hochtief.com) has successfully refinanced existing cash loans and guarantee facilities with a combined volume of EUR 2.0 billion: With an international banking syndicate, the Group agreed a syndicated guarantee facility with a tenor a five years from December 13, 2011. EUR 1.5 billion of the volume are guarantee drawings, EUR 0.5 billion cash drawings. HOCHTIEF can flexibly draw and return the letters of guarantee within the limit at pre-arranged and good conditions that are in line with usual market practice. This early refinancing of the lines which expire at the end of 2012 was well received on the international banking market: At over EUR 2.3 billion, bank demand significantly exceeded the refinancing requirements.

"We are delighted by the high level of interest of the credit markets. The clear oversubscription in today‘s generally difficult economic environment again confirms HOCHTIEF’s good credit rating,“ said Peter Sassenfeld, CFO of HOCHTIEF Aktiengesellschaft. The facility is a key element of the Group’s long-term financing strategy and ensures that sufficient guarantee lines are available for the HOCHTIEF Europe and HOCHTIEF Concessions divisions as well as for US-subsidiary Turner. The subsidiaries Turner (US) and Leighton (Australia/Asia) have their own appropriate facilities.

The credit line was arranged by an international banking syndicate.

The Bookrunners are: BNP Paribas, Commerzbank Aktiengesellschaft, ING, a Branch of ING-DiBa AG, The Royal Bank of Scotland plc, UniCredit Bank AG.

The Mandated Lead Arrangers are: Bayerische Landesbank, BNP Paribas, Citibank International plc, Commerzbank Aktiengesellschaft, Deutsche Bank AG, ING, a Branch of ING-DiBa AG, The Royal Bank of Scotland plc, UniCredit Bank AG and WestLB.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: HOCHTIEF AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


HOCHTIEF Successfully Refinances Credit Lines of EUR 2 Billion

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

HOCHTIEF AG |
Publisher Contact: Christian Gerhardus - HOCHTIEF.de 
+49 201 824-2642 presse[.]hochtief.de
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From HOCHTIEF AG / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

PCL Recognized as Finalist for 2017 Ingenious Awards
UGL Awarded $1.9bn Melbourne Suburban Network O&M Contract
PCL Construction Recognized as 2017 CandE Winner
Frost & Sullivan to Collaborate with IRDA to Develop Smart City in Iskandar Malaysia
CIMIC's CPB Contractors Wins Pacific Highway Upgrade Works
CIMIC's Thiess Awarded A$300m MSJ Contract Extension
VINCI Construction Selected to Improve Drinking Water Supply to Ho Chi Minh City, Vietnam
CIMIC’S CPB Contractors Wins Christchurch Convention Centre
CIMIC's CPB Contractors Wins $215m Queensland Roads Project
The VINCI Airports-ORIX-Kansai Airports Joint Venture is Named Preferred Bidder for the Kobe Airport in Japan
VINCI Energies Acquires Acuntia - A Leading Spanish Information and Communication Technology Company
HOCHTIEF and BAM Deutschland to Refurbish and Operate Future Berlin Base of Federal Ministry of Health
CIMIC's Thiess Awarded $650 Million Solomon Extension
VINCI Launches Leonard - The New Group-wide Platform Dedicated to Innovation, Foresight and Inventing the Group's Future Businesses
VINCI Construction Wins A New Contract for Line 15 South of the Future Grand Paris Express Transport Network

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)