Brief: Quadpack Enters Into New Financing Deal Of EUR 38 Million

Quadpack Industries SA

03/08/2023 09:44

Aug 3 (Reuters) - Quadpack Industries SA  ALQP.PA :
    * QUADPACK ENTERS INTO A NEW FINANCING DEAL OF EUR 38
MILLION
    * DEAL WILL ALLOW GROUP TO SIMPLIFY ITS FINANCING STRUCTURE,
ACCELERATING REPAYMENT OF COVID LOANS, CONTRACTED WITH SPANISH,
FRENCH AND GERMAN BANKS IN 2020
    * ARRANGEMENT ALSO ENABLES SETTLEMENT OF REMAINDER OF FORMER
SYNDICATE LOAN, FOR ACQUISITION OF GERMAN MANUFACTURER LOUVRETTE
IN 2019
    * ALLOWS FOR CAPEX FINANCING OVER NEXT TWO YEARS, AS WELL AS
FOR
WORKING CAPITAL NECESSITIES
    * DEUTSCHE BANK IS THE MANDATED LEAD ARRANGER AND AGENT,
ACCOMPANIED BY CAIXABANK, BBVA, IBERCAJA AND INSTITUT CATALÀ DE 
FINANCES, THE PUBLIC FINANCIAL ENTITY OF CATALONIA, SPAIN, AS
ARRANGERS. KPMG SERVED AS AN  ADVISOR TO THE DEAL

Source text for Eikon:  ID:nACT81387 
Further company coverage:  ALQP.PA 

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