Wienerberger House, Vienna, Austria

Vienna, Austria — Wienerberger said Tuesday it secured a €600 million credit facility to finance the Terreal roofing business acquisition and refinance a maturing bond, ensuring long-term financing until 2033.

This strategic move not only funds the acquisition of Terreal but also addresses the upcoming €250 million bond maturity in May 2024, showcasing the company’s proactive financial management.

Wienerberger’s acquisition of Terreal, a major player in the roofing business, represents a pivotal expansion in the company’s portfolio. This new credit facility ensures a seamless financial transition, fully refinancing a bridge loan used during the acquisition process. Additionally, it addresses the imminent maturity of the €250 million bond, initially issued in 2018, due in the upcoming month.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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