EANS-News: Strabag refinancing EUR 2.4 billion in loans before maturity (with document)

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

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The publicly listed construction and technology group STRABAG SE has taken advantage of the favourable financing environment and recent credit enhancement 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 2021 - with two options to extend by one year each will further allow STRABAG SE to secure its comfortable financing position for the long term.

"The enhancement of our investment grade credit rating by Standard & Poor's in mid-2015 from BBB- to BBB, as well as the low interest environment, compelled us to undertake this early refinancing", says Thomas Birtel, CEO of STRABAG SE.

Acting as facility agents were Deutsche Bank for the surety loan and Raiffeisen Bank International for the cash credit line.

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 maintain a liquidity reserve, which can be used above all to balance out seasonal financing peaks, if necessary.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/us/p1iGUtXw
http://resources.euroadhoc.com/us/eotgY18M

company: STRABAG SE Donau-City-Straße 9 A-1220 Wien phone: +43 1 22422 -0 FAX: +43 1 22422 - 1177 mail: www.strabag.com

WWW: investor.relations@strabag.com

sector: Construction & Property ISIN: AT000000STR1, AT0000A05HY9 indexes: WBI, ATX Prime, ATX, SATX stockmarkets: official market: Wien language: English

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

Rückfragen & Kontakt:

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

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001