Titan Cement Secures EUR585 Million Syndicated Credit Facility
January 07 2011 - 7:03AM
Dow Jones News
Greece's Titan Cement (TITK.AT) said Friday it has secured a
EUR585 million syndicated multi currency forward start revolving
credit facility.
"Titan Global Finance, a subsidiary of the group, executed on
January 5, 2011 in London a new EUR585 million multicurrency
forward start syndicated revolving credit facility, guaranteed by
Titan Cement," the company said in a statement.
The new facility will mature Jan 2015 and will be used for
refinancing an existing facility of the same nature maturing April
2012 and thereafter for the group's general corporate purposes.
The syndicate comprises Bank of America Merrill Lynch (BOFA),
HSBC Bank PLC, BNP Paribas, National Bank of Greece (NBG), Emporiki
Bank of Greece SA (EMP.AT), Societe Generale, Alpha Bank (ALPHA.AT)
and EFG Eurobank Ergasias (EUROB.AT).
By Nick Skrekas, Dow Jones Newswires, +30 210 283 0685;
nick.skrekas@dowjones.com