EUROPE/MIDDLE EAST/AFRICA

摘要

Brick maker wienerbercer has secured a €400m revolving credit facility to replace an existing €400m facility on improved terms. The financing, which will be used for general corporate purposes, is for five years plus two one-year extension options. As part of the refinancing, the net debt to Ebitda covenant was increased to 3.9 times from 3.5 times due to the effects of the implementation of the new leasing standard IFRS 16 as of 2019.