Ficosa closes a syndicated loan of 108m of euros

Ficosa group closed a Syndicated Loan for a total of 108m euros with 8 financial entities with which the company historically had and continues to have a business relationship. This transaction allows Ficosa to complete one of the most important milestones in the financing plan it began early in 2009, thus allowing the company to significantly improve its permanent sources of financing by shifting some of its short-term debt to long-term and opening new lines of credit to finance working capital requirements, at a time when the Group has been continually increasing its sales after the sharp fall experienced in the final months of 2008 and the first months of 2009.

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