WERDOHL (dpa-AFX) - Vossloh AG (VOSSF.PK), a railroad infrastructure company, announced the signing of a syndicated loan agreement for 240 million euros that would replace an existing loan agreement from 2017
The syndicated loan is structured as a revolving credit line to draw funds flexibly as needed. Further, the loan amount can also be increased to 160 million euros as per the company.
The agreement has a term of five years until February 2029 and provides for two one-year extension options which can be exercised at the end of the first and second year of the loan agreement.
The new syndicated loan has been provided by eight banks in the form of a club deal.
Currently, Vossloh shares are trading at EUR 40.65, up 0.37% in Germany.
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