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| Ferrovial reorganizes and simplifies its corporate debt structure Spanish construction giant Grupo Ferrovial has announced the signing of a €3,300m loan with 35 banks. This new financing groups together the corporate debt of the parent company at a single level. Unconnected with the existing financing of its subsidiaries, the agreement allows the parent company to simplify its current financial structure, at the same time as enabling it to ensure the liquidity necessary to undertake its foreseen business plan. This new structure amalgamates the Ferrovial Infraestructuras loan (€1,764m), syndicated loans from 2004 and 2006, several bilateral loans and the working capital lines made available to the Group. The net debt position of Grupo Ferrovial before infrastructure projects at the end of March stood at €1,702m. write your comments about the article :: © 2009 Construction News :: home page |