TITAN Global Finance PLC ( TGF) , a subsidiary of TITAN Cement Company S.A., and a syndicate of Greek and International banks executed on January 30th, 2014 in London, UK, a new EUR 430,000,000 multicurrency forward start syndicated revolving credit facility, guaranteed by the TITAN Cement Company S.A.
The new facility matures in January 2018 and will be used for refinancing TGF’s existing syndicated facility maturing in January 2015 and, thereafter, for general corporate purposes.
TITAN is an independent cement and building materials producer with over 110 years of industry experience. Based in Greece, the Group owns cement plants in nine countries and is organized in four geographic regions: Greece & Western Europe, the USA, Southeastern Europe and the Eastern Mediterranean. Throughout its history TITAN has aimed to combine operational excellence with respect for people, society and the environment.
In 2012, the Group sold 16.1 m. tonnes of cement and cementitious materials, 3.4 m. m3 of ready mixed concrete, 10.9 m. tons of aggregates and various other building materials like concrete blocks, dry mortars etc.
Detailed financial and other information is available on the Titan Group website: www.titan-cement.com
The above announcement was communicated to the ASE and the HCMC, and was also posted on the website of the Athens Stock Exchange.