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Titan Cement Secures €585M Loan

Greece’s Titan Cement has secured a €585 million syndicated multi currency forward start loan.

Greece’s Titan Cement has secured a €585 million syndicated multi currency forward start loan, The Wall Street Journal reports. The revolving credit facility, executed by Titan Global Finance, is due to mature in Jan. 2015.

The cement company intends to use the proceeds to refinance an existing loan of the same nature maturing April 2012 and for general corporate purposes. The syndicate for the loan includes Bank of America Merrill Lynch, HSBC Bank, BNP Paribas, National Bank of Greece, Emporiki Bank of Greece, Societe Generale, Alpha Bank and EFG Eurobank Ergasias.

Click here for the story from The Wall Street Journal.

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