Charlotte contracting giant J.A. Jo...

Charlotte contracting giant J.A. Jone Inc. may not be reeling from the March bankruptcy of German parent Philipp Holzmann AG, nevertheless it is taking action. Reportedly in talks with another well-heeled German suitor, the firm has secur a $200 million loan from a clump of international banks.

Itself a $3 billion firm with nine subsidiaries and $45 billion worth of work in backlog, Jone claims the loan is unrelated to Frankfurt-based Holzmann's insolvency and stresse its acknowledge continued strength, both onward the balance sheet and in markets worldwide. The syndicated, pair year renewal ...