Construction company Actividades de Construccion y Servicios SA (ACS.MC) said Thursday it had refinanced a EUR1.5 billion loan and pushed back its maturity two years to July of 2012.

In a filing to the country's market regulator, ACS said its creditors had also offered to expand the loan to EUR1.65 billion.

The loan is through a syndicate of more than 30 banks, which include Caja Madrid, Banco Santander SA (STD), Deutsche Bank AG (DB) and HSBC holdings PLC (HBC).

ACS is Spain's largest construction company by market value.

-By Jason Sinclair, Dow Jones Newswires; +34-91-395 8127; jason.sinclair@dowjones.com;
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