EANS-News: STRABAG refinancing € 2.4 billion in loans before maturity

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Company Information

Vienna – The publicly listed construction and technology group STRABAG SE has taken advantage of the favourable financing environment to refinance two loans totalling EUR 2.4 billion before their original maturity. The conditions and terms to maturity of the EUR 2.0 billion syndicated surety loan and the EUR 0.4 billion syndicated cash credit line have been redefined. The new five-year terms to maturity – i.e. until 2024 – with two options to extend by one year each will further allow STRABAG SE to secure its comfortable financing position for the long term.

Surety loans (bank guarantees) are indispensable in the construction sector. STRABAG makes these available to all subsidiaries which use them for general business activity. The cash credit line, on the other hand, allows the company to further maintain a liquidity reserve.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10279996/1/STRABAG_SE_Refinanzierung_Avalkredit_Barkredit_März2019_e.pdf

issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 – 1177
mail: investor.relations@strabag.com
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, SATX, ATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/4106/aom

STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116
diana.klein@strabag.com

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