In November 2011 Crédit Agricole CIB acted - together with UniCredit Bank Austria AG - as coordinating bank, bookrunner and mandated lead arranger in arranging voestalpine’s debut transaction in the syndicated loan market.

In total, voestalpine will be supplied with two tranches of EUR 400 million, each with a maturity of five years, issued by a consortium of eleven banks. The first tranche will be used to safeguard liquidity needs for investments and repayments during the next business year and the second tranche is a pure liquidity backstop facility.

In a difficult market environment the transaction was oversubscribed and successfully placed with a consortium of eleven banks. The closing of the transaction was end of November 2011.

voestalpine is a globally active group with a number of specialised and flexible companies that produce, process and further develop high-quality steel products. The group is represented by 360 production and sales companies in more than 60 countries. The voestalpine Group generated revenues of EUR 10,95 billion in the business year 2010/11 and employs around 40,000 staff throughout the world.