The debt due to undergo refinance, which is 60% of the company’s gross debt, is associated with repayments linked to the purchase of WRG, Uniland and Alpine.
With debts of €7.79billion, FCC is expected to make other divestment from assets including Flightcare, Torre Picasso and Logistica. Additionally, a new shareholder, possibly Mitsui, is earmarked for its energy holding, which could help clear around €600million of debt. Its portfolio of subsidiaries could generate extraordinary revenues of at least €1.6billion.
FCC is currently renegotiating financing of €1.35billion for syndicated loans due for repayment in 2012.
