Brief: SMTPC Signs New Credit Agreement For EUR 65.5 Million

Societe Marseillaise du Tunnel Prado Carenage SA

27/11/2019 07:52

Nov 27 (Reuters) - SOCIETE MARSEILLAISE DU TUNNEL
PRADO-CARENAGE  SMTPC.PA :
    * ANNOUNCED ON TUESDAY SIGNED NEW BANK LOAN WITH BANQUE
POSTALE,
CAISSE D'EPARGNE CEPAC AND CAIXABANK:
    * TERM CREDIT FACILITY FOR MAXIMUM EUR 60.5 MILLION,
REPAYABLE NO
LATER THAN DEC 31, 2030, TO FINANCE THE SCHLOESING PROJECT
    * REVOLVING CREDIT FACILITY FOR MAXIMUM EUR 5.0 MILLION,
REPAYABLE
NO LATER THAN DEC 31, 2030, INTENDED TO FINANCE IN EVENT OF A
POSSIBLE DEFICIT OF CASH
    * COMPANY HAS ENTERED INTO AN AGREEMENT WITH THE BANQUE
POSTALE,
NATIXIS AND CAIXABANK FOR HEDGING CONTRACTS
    * COMPANY HAS ALSO GRANTED SECURITIES AND GUARANTEES TO THE
BENEFIT OF THE BANKS MENTIONED ABOVE

    
 Source text for Eikon:  ID:nNDL7bm1cl 
    
 Further company coverage:  SMTPC.PA  
   


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