Brief: Belron Repriced Two Outstanding Term Loans, And Distributed A Dividend

D'Ieteren SA

15/12/2023 16:49

Dec 15 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * BELRON REPRICED TWO OUTSTANDING TERM LOANS, HAS
DISTRIBUTED A
DIVIDEND AND HAS BEEN ASSIGNED AN INVESTMENT GRADE RATING BY
FITCHD'IETEREN GROUP ANNOUNCES TODAY THAT
    * FIRST LOAN IS SUSTAINABILITY-LINKED LOAN OF $1,580M
OUTSTANDING
DUE IN APRIL 2028, CURRENTLY PRICED AT [TERM SOFR + 250BPS
    * REDUCED TO [TERM SOFR + 200BPS] 1 
    * SECOND ONE IS $868M OUTSTANDING LOAN DUE IN APRIL 2029,
WHICH IS
REPRICED FROM CURRENT [TERM SOFR + 250BPS] 2  TO [TERM SOFR +
225BPS$]
    * D'IETEREN GROUP FURTHER ANNOUNCES THAT BELRON HAS
DISTRIBUTED A
EUR 363M INTERIM ORDINARY DIVIDEND TO ITS SHAREHOLDERS OUT OF
CASH ON BALANCE SHEET
    * D'IETEREN GROUP'S SHARE REPRESENTS EUR 188M, WHICH WILL
ENABLE
GROUP TO PURSUE ITS LONG-TERM INVESTMENT STRATEGY


Further company coverage:  IETB.BR 

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