Lafarge has successfully extended its syndicated credit facility by two years from July 2013 to July 2015 for a total amount of €1.2 billion.
Lafarge has successfully extended its syndicated credit facility by two years from July 2013 to July 2015 for a total amount of €1.2 billion.
The extended facility, supported by 24 lenders, complements Lafarge’s bilateral lines of €2.2 billion and brings total committed credit facilities to €3.4 billion.
In total, these lines have an average maturity of 2.8 years and do not include any default clauses linked to financial covenants, credit ratings or Material Adverse Change (MAC).
