Italcementi Finance signs credit facility, Italy

Italcementi Finance SA, a subsidiary of Italian cement maker Italcementi, has signed with a group of 14 international banks a syndicated revolving credit line for EUR450m with a five-year maturity, replacing a EUR920m credit line maturing in September 2015.

The previous loan has not been used, hence there are no impacts on the group's total debt, a statement read.

The new credit line envisages financial covenants for Italcementi Finance and Italcementi that are similar to the ones of the previous loan.