Brief: DIA Signs Debt Refinancing Agreement For 885 Mln Euros

Distribuidora Internacional de Alimentacion SA

11/12/2024 11:22

Dec 11 (Reuters) - Distribuidora Internacional de
Alimentacion SA  DIDA.MC :
    * ENTERS INTO FINANCING AGREEMENT WITH SYNDICATE OF LEADING
BANKS
AND FUNDS FOR EUR 885.0 MILLION
    * MATURITY OF THREE TO FIVE YEARS AND AVERAGE MARGIN OF
5.56% PLUS
EURIBOR
    * MAIN OBJECTIVE OF NEW FINANCING IS TO PROVIDE GROUP WITH 
SOLID
AND STABLE LONG-TERM FINANCIAL STRUCTURE
    * EXPECTS TO UNVEIL ITS STRATEGIC PLAN IN MARCH 2025
    * TO PROPOSE TO IMPLEMENT A REVERSE STOCK SPLIT TRANSACTION
IN
DIA,RAISING NOMINAL VALUE OF SHARES FROM EUR 0.01 TO EUR 10.00

Source text:  ID:nCNM7kdqzS 
Further company coverage:  DIDA.MC 

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