NEW YORK, June 18 /PRNewswire/ --
- Streamlines Debt Structure, Enhances Financial Flexibility for Growth -
Landis+Gyr, the global leader in energy management offering utilities next generation "smart grid" solutions, today announced the conclusion of a new USD 1.1 billion (euro 710 million) refinancing package, bolstering the company's future growth plans.
The new five-year, multi-currency refinancing package replaces two previous bank facilities. A consortium of 13 international banks provided the new facility, which includes term debt, capital expenditure and bonding, as well as working capital tranches.