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Brief: Emeis Approves Terms For Refinancing Bank Debt

Nov 10 (Reuters) - Emeis SA EMEIS.PA:

APPROVES TERMS FOR REFINANCING BANK DEBT

REFINANCING WILL BE CARRIED OUT THROUGH NEW FINANCING TOTALING AT LEAST EUR 3.15 BILLION

THIS REFINANCING WILL INCREASE AVERAGE MATURITY OF DEBT BY 2.5 YEARS, BRINGING IT TO NEARLY 5 YEARS

€400 MILLION IN LISTED BONDS WITH SIX-YEAR MATURITY

MAY DECIDE TO DISTRIBUTE DIVIDENDS IN FUTURE

APPROXIMATELY EUR 2.2 BILLION IN TERM LOANS (TRANCHE 1) WITH A MATURITY OF SIX YEARS

EUR 550 MILLION IN LOANS (TRANCHE 3), INCLUDING EUR 350 MILLION IN TERM LOANS

Source text: ID:nBw35Mpxba

Further company coverage: EMEIS.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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