Austria’s FACC has concluded a syndicated loan of €225 million with long-term financing partners to continue its growth course in the future.

Under the lead of long-term partners Unicredit Bank Austria, Raiffeisenbank International and Erste Group Bank, FACC has restructured and extended the existing syndicated loan of €225 million. The financing facility, involving a total of five participating banks, has a term of three years with a two-year renewal option. “The flexibility of this credit line gives FACC the opportunity to be successful in the global market while promoting strategic growth,” said chief executive Robert Machtlinger.

The recent extension of the financing facility will enable the company to further expand its global footprint, including in particular the new high-tech plant opened in Croatia in June 2022, as well as further growth initiatives in its core business and the new business areas Urban Air Mobility and Space.

This is also reflected in the new composition of the loan: The two programmes in the amount of €69 million, issued by the Austrian Kontrollbank to finance foreign investments and export investments, provide a solid basis for the planned capital expenditures. The KRR COVID-19 framework credit of the Austrian Kontrollbank in the amount of €60 million is being repaid.