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Mersen — Capital/Financing Update 2012
Jul 23, 2012
1518_iss_2012-07-23_c4be4e2f-04d5-43af-89e3-659250e6c9bf.pdf
Capital/Financing Update
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Paris, July 23, 2012
Mersen strengthens its financial position by extending the average maturity of its committed credit lines
After the issuance in late 2011 of a USD 100 million private placement, Mersen has finalized the refinancing of its syndicated revolving facility maturing in July 2013 by the implementation of new bank credit lines totaling € 215 million.
These credit lines consist of:
- a syndicated credit revolving facility in two tranches, respectively, € 100 million and USD 75 million, both maturing in five years, repayable at maturity. This syndicated credit facility was subscribed by a banking syndicate comprising leading French and international banks.
- bilateral credits revolving facility totaling € 55 million, with an average maturity of four years.
Mersen now has € 425 million of committed credit facilities, of which approximately 50% are being used. The average maturity of the utilizations is now close to 5 years.
This operation illustrates the support and confidence of our financial partners in Mersen's financial strength and in its development strategy. It enables the Group to increase its financial flexibility and thus to finance its future growth.
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Paris, July 23, 2012
About Mersen
Global expert in materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries.
The Group is listed on NYSE Euronext Paris – Compartment B
Visit our website www.mersen.com
Analyst and Investor Contact Press Contact
Véronique Boca Vilizara Lazarova VP Financial Communication Mersen Publicis Consultants
Tel. + 33 (0)1 46 91 54 40 Tel. +33 (0)1 44 82 46 34
Email : [email protected] Email : [email protected]