07/01/2011
Forward start syndicated credit facility
TITAN GLOBAL FINANCE PLC ( TGF) , a subsidiary of TΙΤΑΝ CEMENT COMPANY S.A., executed on January 5th, 2011 in London, UK, a new EUR 585,000,000 multicurrency forward start syndicated revolving credit facility, guaranteed by TITAN CEMENT COMPANY S.A. The new facility, which initially targeted the amount of EUR 500,000,000, will mature in January 2015 and will be used for refinancing TGF’s existing syndicated multicurrency revolving credit facility maturing in April 2012 and, thereafter, for general corporate purposes of the Group.
Τhe syndicate comprises Bank of America Merrill Lynch, HSBC Bank plc, BNP Paribas, National Bank of Greece, Emporiki Bank of Greece S.A. (a subsidiary of Credit Agricole), Sociéte Générale, Alpha Bank and EFG Eurobank.