Brief: Belron Launches Syndication Of EUR 800M Equivalent Loan
03/04/2023 07:59
April 3 (Reuters) - D'Ieteren Group NV IETB.BR :
* BELRON LAUNCHES A SYNDICATION OF NEW LOAN FOR EUR 800M
EQUIVALENT
* LOAN ISSUANCE IS EXPECTED TO HAVE AN APRIL 2029 MATURITY
* PROCEEDS OF DEBT ISSUANCE, TOGETHER WITH C.EUR 300M
AVAILABLE
LIQUIDITY WILL BE UPSTREAMED TO SHAREHOLDERS OF BELRON
* UPSTREAMED CASH THAT D'IETEREN GROUP WOULD RECEIVE FROM
BELRON
FOLLOWING THIS TRANSACTION WOULD ALLOW IT TO PURSUE ITS
LONG-TERM STRATEG
Source text: https://bit.ly/43dqqTZ
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