Syndicated loan increased to CHF 650 million and extended to September 2020
Dietlikon, 6 August 2015 – With effect from 30 June 2015, Implenia has renewed its syndicated loan previously due to expire at the end of August 2017 ahead of time and on improved terms. The volume of the loan, underwritten by the existing banking syndicate headed by UBS, has been increased by CHF 150 million to CHF 650 million. Its term has been extended to September 2020, with an option for two further one-year extensions. The loan comprises a cash facility of CHF 200 million and a guarantee facility of CHF 450 million. Its renewal has secured long-term financing on improved and flexible terms. The renewal ahead of time came against the background of the positive market environment and the acquisition of Bilfinger Construction. It underlines Implenia’s attractive risk profile.
Media contact at Implenia:
Philipp Bircher
Head of Communications Group
Tel.: +41 58 474 74 77
Implenia, Switzerland's leading construction and construction services company, also has a strong position in the German, Austrian and Scandinavian infrastructure markets. Established in 2006, Implenia can look back on around 150 years of construction tradition. It brings together the expertise of its highly skilled sectoral and regional units under the single roof of a company active throughout Europe. With its integrated business model and specialists operating in all areas of construction, the Group can manage a building project through its entire lifecycle and deliver work that is economical, integrated and customer-centric. The focus is on striking a sustainable balance between financial success and social and environmental responsibility.
Implenia has its headquarters in Dietlikon near Zurich and employs approximately 8500 people around Europe. In 2014 it posted pro forma turnover (including the former Bilfinger Construction GmbH) of around CHF 3.6 billion. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). For more information, please visit www.implenia.com.
