Brief: Logista Announces Credit Line Renewal With Imperial Brands

Logista Integral SA

03/08/2023 16:46

Aug 3 (Reuters) - Compania de Distribuicion Integral Logista Holdings  LOG.MC :
    * ANNOUNCES ITS CREDIT LINE RENEWAL WITH IMPERIAL BRANDS
    * AGREEMENT SETS A NEW MAXIMUM LIMIT FOR THE CREDIT LINE OF €3 BILLION INCREASING THE
PREVIOUS
LIMIT OF €2.6 BILLION
    * ONE OF RELEVANT CONDITIONS OF THIS RENEWAL IS REFERENCE INTEREST RATE OF 6-MONTH EURIBOR,
PLUS A
SPREAD OF 75 BASIS POINTS
    * RENEWED CREDIT LINE ALLOWS LOGISTA TO LEND DAILY ITS CASH SURPLUS TO IMPERIAL BRANDS, OR
ELSE
RECEIVE NECESSARY FUNDS TO FULFIL PAYMENT OBLIGATIONS, THUS OPTIMISING CASH FLOW GENERATION

Source text for Eikon:  ID:nCNM6lxrXt 
Further company coverage:  LOG.MC 

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