Vicat: Successfully Completed Financing Operation
23 November 2021 - 6:00PM
Business Wire
Regulatory News:
On 15th November 2021 last, the Vicat Group (Paris:VCT) signed a
€250 million financing agreement, taking the form of a Private
Placement with leading US investors (USPP).
This financing agreement consists of two tranches:
- The first, for an amount of €100 million, with a maturity of
10 years, at a fixed rate of 1.27%;
- The second for €150 million, with a maturity of 15 years, at a
fixed rate of 1.57%.
This financing operation will enable the Group to strengthen the
liquidity of its balance sheet, extend the overall maturity of its
debt, and reduce the Group's average debt ratio (2.23% compared to
2.82% previously, on a pro forma basis excluding IFRS16 debt).
Next publication date:
2021 full-year results on 15th February 2022 after markets
close.
About Vicat group:
The Vicat Group employs over 9,000 employees and generated
consolidated sales of €2.805 billion in 2020, coming from its
production businesses in, Cement, Concrete & Aggregates and
Other Products & Services. The Group operates in twelve
countries: France, Switzerland, Italy, the United States, Turkey,
Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil.
Some 64% of its sales are generated outside France. The Vicat
Group, a family business, is the heir to an industrial tradition
dating back to 1817, when Louis Vicat invented artificial cement.
Founded in 1853, the Vicat Group now operates three core lines of
business: Cement, Ready-Mixed Concrete and Aggregates, as well as
other activities related to these core businesses.
About the Louis Vicat Foundation:
Created in 2017 for the bicentenary of the invention of
artificial cement, the Foundation has set itself the following
objectives: the promotion of scientific and technical culture, the
preservation and enhancement of heritage, education and solidarity.
In this respect, in 2020 the Foundation carried out a series of
inclusive projects for the benefit of people with disabilities and
under-employed populations. The year 2021 will be the year of
women.
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version on businesswire.com: https://www.businesswire.com/news/home/20211123005902/en/
Investor Relations Contact:
Stéphane Bisseuil: Tel. + 33 1 58 86 86 05
stephane.bisseuil@vicat.fr
Press Contacts:
Marie-Raphaëlle Robinne Tel. +33 4 74 27 58 04
marie-raphaelle.robinne@vicat.fr
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