Holcim – syndicated loan facility received strong response

Holcim – syndicated loan facility received strong response
Published: 19 February 2009

Holcim has entered into a syndicated loan facility agreement of CHF400m with a group of Swiss banks lead arranged by Zürcher Kantonalbank.The facility with a tenor of three years and one two-year extension option was very well received by the banks: The transaction was upsized from CHF 300m to CHF 400m. The proceeds will be used to refinance existing debt and to optimize the capital structure.

The Holcim Group has refinanced more than CHF 1.5bn in local bank and capital markets since October 2008 and successfully maintained its liquidity above the target of CHF 5.3bn (cash and unused committed credit lines).

Holcim Ltd is rated by international rating agencies as follows: Standard & Poor’s (BBB, “outlook stable”), Moody’s (Baa1, "outlook negative") and Fitch (BBB+, "outlook negative").