Rémy Cointreau Signs Agreement to Amend and Extend Its €255M Revolving Facility
11 April 2014 - 5:46PM
Business Wire
Regulatory News:
On 11 April 2014, Rémy Cointreau S.A. (“Rémy Cointreau”)
(Paris:RCO), whose senior debt is rated Baa3 by Moody’s, and BBB-
by Standard & Poor’s and Fitch, signed an amendment and an
extension to its revolving facility with a pool of ten banks.
This €255m transaction provides the Group with more favourable
financing terms, which reflect the credit-worthiness and financial
strength of Rémy Cointreau.
The borrowing cost is now Euribor plus 100 bps, compared with
the previous one at 195 bps.
In addition, the new maturity of this facility has been extended
until April 2019 for a total of five years as from the signature
date.
Société Générale Corporate & Investment Banking was mandated
by Rémy Cointreau to arrange the transaction. BNP Paribas remains
the facility agent.
Rémy CointreauLaetitia Delaye, Tel: 00 33 1 44 13 45
25
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