Lafarge extends terms for €1.2bn credit line

French construction materials group Lafarge has extended the repayment terms on a syndicated €1.20 billion credit line by two years to July 2015. The line drawn on 24 banks joins €2.2 billion in existing credit lines, bringing the total to €3.4 billion. It brings the average repayment term to 2.8 years.
April 13, 2012 Read time: 1 min

French construction materials group 725 Lafarge has extended the repayment terms on a syndicated €1.20 billion credit line by two years to July 2015.

The line drawn on 24 banks joins €2.2 billion in existing credit lines, bringing the total to €3.4 billion. It brings the average repayment term to 2.8 years.

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