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| Holcim enters into loan facility agreement Holcim, the world's second largest cement maker, has entered into a syndicated loan facility agreement of CHF 400 million with a group of Swiss banks lead arranged by Zürcher Kantonalbank. The facility with a tenor of 3 years and one two-year extension option was very well received by the banks: The transaction was upsized from CHF 300 million to CHF 400 million. The proceeds will be used to refinance existing debt and to optimize the capital structure. The Holcim Group has refinanced more than CHF 1.5 billion in local bank and capital markets since October 2008 and successfully maintained its liquidity above the target of CHF 5.3 billion (cash and unused committed credit lines). write your comments about the article :: © 2009 Construction News :: home page |