KKR Lends €320M To Sputtering Spanish Construction Co.

Law360, New York (April 29, 2013, 6:24 PM EDT) -- Private equity titan KKR & Co. LP will provide a €320 million ($418 million) loan to Spanish construction materials firm Uralita SA, it said Monday, providing much-needed relief to a company pushed to the brink of collapse amid a growing mountain of debt and outstanding bonds.

The facility will be used to repay current lenders, including both banks and noteholders, and to flesh out a Uralita insulation subsidiary targeting expansion across Europe. The seven-year loan, one of the largest private rescue efforts this year in Europe,...
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