Brief: Carmila Signed EUR 550 Million Term Loan

Carmila SA

21/07/2022 18:15

July 21 (Reuters) - Carmila SA  CARM.PA :
    * CARMILA: NEW TERM LOAN SIGNED
    * HAS STRENGTHENED ITS BALANCE SHEET WITH A NEW EUR 550
MILLION
TERM LOAN, SIGNED ON 21 JULY 2022
    * LOAN MATURES IN 2027, WITH TWO EXTENSION OPTIONS OF ONE
YEAR
EACH
    * THIS NEW CREDIT LINE REFINANCES AN EXISTING TERM LOAN OF
EUR 170
MILLION, MATURING IN 2024, AND ALSO REPLACES FIRST, UNDRAWN,
TRANCHE OF A REVOLVING CREDIT FACILITY OF EUR 270 MILLION,
MATURING IN 2024
    * CARMILA'S CASH POSITION ONCE FUNDS OF NEW TERM LOAN ARE
MADE
AVAILABLE WILL BE SUFFICIENT TO COVER IN FULL REPAYMENT OF
OUTSTANDING BOND MATURING IN SEPTEMBER 2023

Source text for Eikon:  ID:nBw9jdtfqa 
Further company coverage:  CARM.PA 

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