Brief: Frey Signs New Financing For EUR 400 Mln

Frey SA

25/06/2024 16:05

June 25 (Reuters) - Frey SA  FREY.PA :
    * FREY SIGNS NEW FINANCING FOR EUR 400M
    * REFINANCING REPRESENTS 40% OF THE GROUP’S DEBT
    * COMPANY NOW HAS NO SIGNIFICANT DEBT MATURITIES BEFORE
2027,
WHICH ARE ALREADY COVERED WITH EXISTING LIQUIDITIES
    * THE FINANCINGS ALSO PROVIDE FREY WITH €120M IN NEW UNDRAWN
CREDIT LINES THAT CAN BE USED AT ANY TIME AS PART OF ITS
ACQUISITION POLICY
    * THIS OPERATION EXTENDS THE MATURITY OF THE GROUP DEBT,
WHICH IS
NOW MORE THAN FOUR YEARS
    * THE TRANSACTION INCREASES FREY’S AVAILABLE LIQUIDITY (CASH
AND
UNDRAWN LINES) TO OVER €280M

Further company coverage:  FREY.PA 

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