Brief: Chargeurs Announces Signature Of 230 Million Euros Syndicated Credit Agreement

Compagnie Chargeurs Invest SA

19/12/2018 17:25

Dec 19 (Reuters) - CHARGEURS SA  CRIP.PA :
    * CONCLUDES EUR 230 MILLION SYNDICATED CREDIT FACILITY
    * €120 MILLION IN ADDITIONAL CREDIT THANKS TO A €230 MILLION
SYNDICATED FACILITY
    * SYNDICATED CREDIT AGREEMENT TO ACCELERATE ITS PROFITABLE
GROWTH
AND TOP THE €1 BILLION REVENUE MARK BY 2021
    * SYNDICATED FACILITY COMPRISES €100 MILLION RCF MATURING IN
5 + 1
YEARS
    * SYNDICATED FACILITY COMPRISES €130 MILLION TERM LOAN
REPAYABLE
IN INSTALLMENTS WITH A 6-YEAR FINAL MATURITY
    * FLEXIBLE FINANCING: NO LEVERAGE COVENANT AND A GEARING
COVENANT
OF ≤ 1.2X
    * ENABLES THE GROUP TO REFINANCE €110 MILLION OF ITS
EXISTING BANK
BORROWINGS IN ADVANCE OF TERM

Source text: https://bit.ly/2Cn1crD
Further company coverage:  CRIP.PA 

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