Europe / Middle East / Africa
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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