Carillion has secured £112m of loans from the German Schuldschein Market, it revealed today.
The contractor said the money would replace funding arrangements due to mature this year and next.
Carillion said the funding had an average maturity of about five years and a blended interest rate below 3 per cent, including fees.
“This further diversifies the group’s sources of funding, provides long-term debt on attractive terms and maintains the group’s strong liquidity position with access to over £1.4bn of funding to support its strategic objectives and development,” the company said in a statement.
In a trading update before Christmas, Carillion said it had a £2.6bn construction order book and a £10.9bn pipeline of contract opportunities.