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Lafarge obtains extension for 1.2 billion-euro credit facility

Mar, 21 2012


(France)  --  Lafarge SA (LG), the world’s biggest cement maker, has extended a 1.2 billion-euro ($1.6 billion) credit facility, according to a statement from the company.

The credit line, originally due to mature in July 2013, will now run to July 2015 after a deal supported by 24 lenders, the Paris-based company said.

The facility doesn’t include any default clauses linked to financial covenants, credit ratings or material adverse change, according to the statement.

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