Brief: Vicat Completes EUR 250 Mln Financing Operation

Vicat SA

23/11/2021 17:05

Nov 23 (Reuters) - VICAT SA  VCTP.PA :
    * VICAT: SUCCESSFULLY COMPLETED FINANCING OPERATION
    * SIGNED A EUR 250 MILLION FINANCING AGREEMENT, TAKING FORM
OF A
PRIVATE PLACEMENT WITH LEADING US INVESTORS (USPP)
    * FINANCING AGREEMENT CONSISTS OF TWO TRANCHES
    * FIRST, FOR AN AMOUNT OF EUR 100 MILLION, WITH A MATURITY
OF 10
YEARS, AT A FIXED RATE OF 1.27%
    * SECOND FOR EUR 150 MILLION, WITH A MATURITY OF 15 YEARS,
AT A
FIXED RATE OF 1.57%
    * FINANCING OPERATION WILL ENABLE GROUP TO STRENGTHEN
LIQUIDITY OF
ITS BALANCE SHEET, EXTEND OVERALL MATURITY OF ITS DEBT, AND
REDUCE GROUP'S AVERAGE DEBT RATIO (2.23% COMPARED TO 2.82%
PREVIOUSLY, ON A PRO FORMA BASIS EXCLUDING IFRS16 DEBT)

Source text for Eikon:  ID:nBw3mhv6Qa 
Further company coverage:  VCTP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))