Clariane's shares slide on debt restructuring package

Clariane SE

17/02/2025 10:08

** Shares of Clariane  CLARI.PA  slip 2.2% after it announced a
775 million euro ($811.7 million) debt refinancing package,
including an extension to a syndicated facility and a new
real-estate credit line with maturities extending to May 2029
    ** The France-based healthcare facilities company must
maintain 300 million euros in liquidity reserves at half-year
checks and must keep its revolving credit facility undrawn for a
minimum 15-day period before June 2026
    ** The agreement sets new leverage targets starting at 7.0x
through June 2025, gradually decreasing to 5.0x by December 2028
    ** Asset disposal repayment requirements have been reduced
to 40% from the previous 75% for disposals during 2025
    ** Out of five analysts that cover Clariane, ​four rate it
"hold" and one "strong sell"​​
    ($1 = 0.9548 euros)
     

(Reporting by Hugo Lhomedet)
((mailto:Hugo.Lhomedet@thomsonreuters.com;))