Brief: Vilmorin & Cie Completes Two Transactions

Vilmorin & Cie SA

17/06/2019 16:48

June 17 (Reuters) - VILMORIN & CIE SA  VILM.PA :
    * REG-VILMORIN & CIE PURSUES THE OPTIMIZATION AND
DIVERSIFICATION
OF ITS FINANCIAL RESOURCES BY SUCCESSFULLY COMPLETING TWO
TRANSACTIONS
    * ISSUE OF A PRIVATE "SCHULDSCHEIN" PLACEMENT OF 250 MILLION
EUROS
    * LAUNCH AND ARRANGEMENT OF THIS PLACEMENT WERE ENTRUSTED TO
BNP
PARIBAS, HSBC AND SOCIÉTÉ GÉNÉRALE
    * THIS PLACEMENT COMPRISES MATURITIES AT 5, 7 AND 10 YEARS,
COMBINING FIXED AND VARIABLE RATES
    * OPERATION, INITIALLY PLANNED FOR 150 MILLION EUROS, WAS
LARGELY
OVERSUBSCRIBED AND RAISED TO 250 MILLION EUROS
    * IMPLEMENTATION OF A NEW SYNDICATED BANK LOAN OF 300
MILLION
EUROS
    * HAD FINALIZED, AT END OF MAY 2019, REFUNDING OF ITS
EXISTING
BANK LOAN, DUE TO MATURE IN MAY 2021
    * STRUCTURED AS A REVOLVING CREDIT FACILITY, OF AN INITIAL
TOTAL
OF 300 MILLION EUROS, THIS LOAN MATURES AFTER 5 YEARS (DUE DATE
MAY 2024)
    * NEW LOAN INVOLVES TWO EXTENSION OPTIONS EACH FOR ONE YEAR,
AND
POSSIBILITY OF REQUESTING THAT BANKS RAISE TOTAL AMOUNT TO 450
MILLION EUROS

Source text for Eikon:  ID:nGNE39g9KS 
Further company coverage:  VILM.PA 

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