Vinci renews, extends revolver to 2029; shrinks to €6.5 billion

By William Gullotti

Buffalo, N.Y., Jan. 10 – Vinci SA signed an amendment to its existing revolver on Jan. 9 that extended the facility’s maturity to Jan. 9, 2029, according to a press release on Wednesday.

The amendments to the revolver also reduced its capacity to €6.5 billion from €8 billion and increased the number of participating banks to 23 from 21.

The amended revolver, which is presently unused, also features two one-year renewal options.

The press release indicated that the transaction was largely oversubscribed but did not disclose the participating banks or administrative agent.

The construction company is based in Paris.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.