Brief: Quadient Revolving Credit Facility Renewed In Advance With New Maturity In 2028

Quadient

16/06/2023 07:46

June 16 (Reuters) - Quadient SA  QDT.PA :
    * REG-QUADIENT: REVOLVING CREDIT FACILITY RENEWED IN ADVANCE
WITH
A NEW MATURITY IN 2028
    * CLOSING OF A EUR 300 MILLION SYNDICATED REVOLVING CREDIT
FACILITY (RCF)
    * EUR 300 MILLION RCF HAS AN INITIAL TENOR OF FIVE YEARS,
MATURING
IN JUNE 2028, WITH A EUR 100 MILLION ACCORDION FEATURE
    * NEW CREDIT FACILITY REPLACES EXISTING UNDRAWN EUR 400
MILLION
RCF, WHICH WAS SET TO MATURE IN JUNE 2024
    * AS OF 31 JANUARY 2023, QUADIENT'S NET DEBT WAS EUR 671
MILLION,
AND ITS CONSOLIDATED LEVERAGE RATIO EXCLUDING LEASING WAS AT
1.8X

Source text for Eikon:  ID:nGNE5khcGN 
Further company coverage:  QDT.PA 

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