Chargeurs — Capital/Financing Update 2017

Jun 6, 2017

CHARGEURS RAISES 8-10 YEAR FINANCING THROUGH A NEW EURO PP

PRESS RELEASE

Paris – June 6, 2017

Chargeurs has successfully negotiated a new Euro PP raising a total of €50 million with a maximum maturity of 10 years

Michaël Fribourg, Chargeurs' Chairman and Chief Executive Officer, said: "Following the success of its first 7-year Euro PP in 2016, and at a time of record-low interest rates, the Chargeurs Group has signed one of its longest-term financing arrangements for general corporate purposes, covering 8-10 years. These new funds which reflect the ramp-up in the Group's financial tools in line with the Chargeurs Business Standards, are part of our long-term market-winning strategy."

In line with its overall development strategy, the Chargeurs Group is continuing to optimize its balance sheet structure and long-term financial resources by signing a new Euro PP, raising a total of €50 million, repayable at maturity, which will be used for general corporate purposes. The Euro PP comprises:

• a €40 million 8-year private placement notes issue underwritten in particular by AG2R La Mondiale and Suravenir; and
• a €10 million 10-year bank loan, provided and arranged by Bank of China Limited.

The overall average interest rate for the financing is 3.45% (including all financial charges).

The maturities, the interest rates and the very high oversubscription rate are a clear indication of the quality of Chargeurs' creditworthiness over long-term.

Chargeurs' partners in the Euro PP reflect its broad geographic footprint, with distribution or manufacturing operations in over 34 countries.

Kepler Cheuvreux acted as the Group's financial advisor and arranger for the deal and De Pardieu Brocas Maffei as its legal advisor. CMS Bureau Francis Lefebvre acted as the legal advisor to the arranger.

2017 Financial Calendar

Thursday, September 7, 2017 (before the start of trading) First-half 2017 results Thursday, November 14, 2017 (after the close of trading) Third-quarter 2017 financial information

ABOUT CHARGEURS

Chargeurs is a global manufacturing and services group with leading positions in four segments: temporary surface protection, garment interlinings, technical substrates and combed wool.

It has over 1,500 employees based in 34 countries on five continents, who serve a diversified customer base spanning more than 70 countries.

In 2016, revenue totaled more than €500 million, of which over 90% was generated outside France.

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