FACC secures €190 million syndicated loan to fund growth
Austrian aerospace supplier FACC has arranged a €190 million syndicated credit facility, refinancing an older €225 million loan early and backing a planned €350 million investment programme through 2030.
FACC, the Austrian aerospace supplier, has signed a €190 million syndicated credit facility to restructure financing for planned growth. Seven banks from Austria and Germany are taking part. UniCredit Bank Austria leads the consortium.
The loan has a base term of three years and can be extended twice by one year each time. It refinances early the company's previous €225 million syndicated credit, which had been due to mature in February 2027.
Through 2030, FACC intends to invest around €350 million in technology, infrastructure and international expansion. The company cites rising production rates, new aircraft programmes and customer projects as the reasons behind the spending plan.
Sources
- aerotelegraph.comFACC beschafft sich 190 Millionen Euro für weiteren Ausbau