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Fnac Darty — Capital/Financing Update 2018
Apr 18, 2018
1336_iss_2018-04-18_a35f05d5-b4af-4823-9d4e-7885346bb7da.pdf
Capital/Financing Update
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Fnac Darty renegotiates its €600m credit facilities
On April 18, 2018, Fnac Darty finalized the renegotiation with its banking partners of the financial terms and of an extended maturity applying to its credit facilities dated April 20, 2016.
The final maturity for the €200m Term Loan will be extended by two years, to April 2023, with a redemption schedule also postponed by two years.
The maturity for the €400m revolving credit facility will also be extended to April 2023.
Jean-Brieuc Le Tinier, Fnac Darty CFO, stated :
« Beyond maturity extensions, the improvement of the Group's financial cost reflects the strengthening of its business model as well as Fnac Darty's new scale. The success of this "Amend and Extend" also shows our banking partners' confidence in the Group's strategy. »
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Crédit Agricole Corporate and Investment Bank acted as Coordinator for the transaction. BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale Corporate and Investment Banking acted as Bookrunners.
Bredin Prat was legal counsel for Fnac Darty on this transaction. White & Case acted as legal counsel for the banking pool.
CONTACTS
| ANALYSTES / INVESTISSEURS |
Stéphanie Constand | [email protected] +33 (0)1 55 21 18 63 |
|---|---|---|
| PRESSE | Benjamin Perret | [email protected] +33 (0)1 55 21 54 13 |
| Alexandre André | [email protected] +33 (0)1 55 21 54 46 |