Abengoa refinances 1.571 bln euros

MADRID, April 22 (Reuters) - Spanish biofuels firm Abengoa (ABG.MC) said on Thursday it had agreed to roll over syndicated loans with 52 banks on deals worth 1.571 billion euros ($2.11 billion).

The new credit lines extend until 2012 and 2013, the company said in a statement to the Spanish stock exchange.

With a debt pile of over 4 billion euros, Abengoa needs cash mainly to fund expensive thermal energy projects at a time when there is a squeeze on bank lending. ($1=.7439 Euro) (Reporting by Sonya Dowsett; Editing by Hans Peters)