Capital/Financing Update • May 21, 2012
Capital/Financing Update
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Paris La Défense, 21st May 2012 – Séchilienne-Sidec has been informed that its main shareholder, Financière Hélios, has signed an agreement with its banks to reduce its debt significantly and extend its maturity. The agreement will come into effect in July 2012, subject to certain conditions.
Total debt will be reduced to €40 million. For reference, the initial amount of the credit facility granted in July 2008 was €145 million. This new amount will be fully reimbursed at maturity date, through a bullet repayment.
Financière Hélios is controlled by the funds managed by Apax Partners France and by Altamir Amboise. The Apax funds and Altamir Amboise hold 42.6% of the capital of Séchilienne-Sidec, either directly or through Financière Hélios.
Séchilienne-Sidec is an independent energy producer, with 20 years of experience in generating electricity from biomass resources. The group specializes in operating medium-sized power plants in complex environments where close cooperation with biomass suppliers is essential. Séchilienne-Sidec is also a leading producer of solar power-generated electricity.
HeadLand Consultancy Luc Périnet-Marquet +33 (0)1 44 50 40 35, [email protected] Sophie Ryan +33 (0)1 44 50 40 39, [email protected]
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