Astaldi given breathing space

04 January 2018

astaldi

After discussions with a syndicate of banks, Italian-based construction company Astaldi has completed the process of redefining the financial covenant for its €500 million revolving credit facility (RCF).

The new boundaries laid out in the contract will allow Astaldi more breathing space, accounting for the negative impact the Venezuelan market had on the firm’s financial results announced at the end of September 2017. The margins of interest applied to the RCF have not changed.

It was said that the newly defined covenant supported Astaldi’s 2017 to 2021 strategy plan objectives, which were set out early in 2017.

Latest News
IC100 2024: submit your entry now
Enter your information now to be ranked in the world’s top 100 crane companies
Nominations officially open for Power Progress Summit Awards
Enter to be recognized for achievements in engines and technologies, powertrains, alternative power and more
Peri completes ‘Europe’s largest’ 3D printed building
Peri highlighted that conventional construction methods could not have been used to achieve this design