Zumtobel refinances 300 mln eur loan a year early

December 4, 2015 7:52 AM

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VIENNA Dec 4 Austrian lighting group Zumtobel has refinanced a 300 million-euro ($326 million) syndicated loan ahead of its original October 2016 maturity date, it said on Friday.

Zumtobel said the loan was for five years with the possibility to extend by a further two, and the agreement contained a step-up clause raising the credit line by to 200 million euros.

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