Hengeler Mueller advises STRABAG on refinancing by syndicated loan

16. June 2014

STRABAG SE, a European-based technology group for construction services, has concluded the renewal of a EUR 2 bn syndicated surety loan with a term of five years with two extension options of one year each. The credit range replaces the previous line in the same amount. The line of credit will be available to all STRABAG subsidiaries for sureties (bank guarantees) within the scope of exercising the general business activity.

The consortium of 14 international banks is led by Deutsche Bank and Raiffeisen Bank International (RBI). Further bookrunners and mandated lead arrangers are Baden-Württembergische Bank, Bayerische Landesbank, Commerzbank, Crédit Agricole Corporate and Investment Bank, ING Bank, a branch of ING-DiBa AG, SEB AG and UniCredit.

Hengeler Mueller partner Johannes Tieves (Financing) advised STRABAG on the transaction.