(Boursier.com) — Monday December 11, Alstom successfully finalized the syndication of its €2.25 billion 12-month revolving credit line with two six-month extension options at Alstom’s discretion with a pool of 20 international banks.
The transaction was significantly oversubscribed. It demonstrates the quality of the relationship and support Alstom benefits from from its banks, to finance fluctuations in its working capital needs as well as the general needs of the company.
Alstom’s banking group also showed its support by approving the second one-year extension of its other two revolving credit facilities to extend Alstom’s maturity profile. Thus, the maturity of the revolving credit facility of 2.5 billion euros is extended until January 2029 and the maturity of the revolving credit facility of 1.75 billion euros is extended until January 2027
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