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Business & Finance

Atlantia secures 1.75bn euro 5-yr loan to refinance Abertis deal

[caption id="attachment_426772" align="alignnone" width="1280"]  The Italian group initially intended to issue a bond
Published July 4, 2018 Updated July 4, 2018 06:49pm
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By Fawad MaqsoodReuters
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[caption id="attachment_426772" align="alignnone" width="1280"]  The Italian group initially intended to issue a bond to refinance the acquisitions but it shelved the project in May due to turbulences on the financial markets as a new anti-establishment government was being formed.[/caption]

The new loan was agreed with Banco BPM, BNP Paribas, state lender Cassa Depositi e Prestiti, Intesa Sanpaolo , Mediobanca and UniCredit.

The total average cost of all the funding since the announcement of the investment in the Spanish motorway group is around 1.3 percent, with a remaining average term to maturity of 5.5 years.

Copyright Reuters, 2018

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