Brief: D'Ieteren Group Provides Update On Financing Costs

D'Ieteren SA

04/11/2024 07:11

Nov 4 (Reuters) - D'Ieteren Group SA  IETB.BR :
    * RAISED EUR 1BN IN BANK LOANS
    * GROUP SEES A MID- TO HIGH- SINGLE-DIGIT GROWTH YOY IN ITS
ADJUSTED PROFIT BEFORE TAX, GROUP’S SHARE
    * 2 FLOATING RATE TRANCHES: €500M SENIOR SECURED BRIDGE LOAN
AND
€500M SENIOR SECURED TERM LOAN
    * HEDGES WILL BE PUT IN PLACE ON THE 5-Y TERM LOAN, AIMED AT
REDUCING THE ASSOCIATED INTEREST RATE RISK
    * FINANCIAL CHARGES WILL BE MARGINAL FOR THE REMAINDER OF
2024
    * IMPACT OF THE ADDITIONAL FINANCIAL CHARGES AT BELRON IS
EXPECTED
TO BE €30M, GROUP’S SHARE
    * OUTLOOK ADJUSTED PROFIT BEFORE TAX EXCLUDES IMPACT OF
INCREASED
LEVERAGE AT BELRON AND DEBT AT GROUP LEVEL

Source text:  urn:newsml:reuters.com:*:nNDL9tzG0p
Further company coverage:  IETB.BR 

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