Amendment to syndicated loan
16 April 2010 - 6:07PM
UK Regulatory
TIDMCOD
RNS Number : 3017K
Compagnie de Saint-Gobain
16 April 2010
April 15, 2010
SAINT-GOBAIN EXTENDS THE MATURITY AND REDUCES THE COST OF A EURO 2.44 BILLION
BANK FACILITY
23 banks* participating in the revolving credit facility signed in June 2009
have today agreed to an amendment proposed by Saint-Gobain which introduces the
following main changes :
The final maturity of the line (currently undrawn) is extended from June 2012 to
June 2013.
The current margin of this facility is reduced from 250 to 100 basis points over
the Euribor rate, at Saint-Gobain's current long-term senior debt rating of BBB
by Standard & Poor's and Baa2 by Moody's.
This operation underlines banks' continued confidence in the credit quality of
Saint-Gobain and allows the company to benefit from improved market conditions.
* Bank of America, BBVA, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Crédit
Agricole Corporate & Investment Bank, Citi, Crédit Mutuel - CIC, Deutsche Bank,
JP Morgan, Mediobanca, Natixis, The Royal Bank of Scotland, Banco Santander,
Société Générale Corporate & Investment Banking and UBS are bookrunners.
Barclays, Commerzbank, HSBC, ING, Intesa SanPaolo, La Caixa and Nordea are
mandated lead arrangers and Danske Bank is arranger. Crédit Agricole Corporate &
Investment Bank is agent of the facility.
About Saint-Gobain
Saint-Gobain, worldwide leader in the habitat and construction markets, designs,
manufactures and distributes building materials. With 37.8 billion euros of
sales in 2009, Saint-Gobain is present in 64 countries and employs about 190,000
people.
+-----------------------------------+-------------------------------+
| Analyst/Investor relations | Press |
| | relations |
+-----------------------------------+-------------------------------+
| | |
| Florence Triou-Teixeira | Sophie Chevallon +33 1 |
| +33 1 47 62 45 19 | 47 62 30 48 |
| Etienne Humbert | |
| +33 1 47 62 30 49 | |
| Vivien Dardel | |
| +33 1 47 62 44 29 | |
| | |
+-----------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGMDRVDGGZG
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2024 to Jul 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2023 to Jul 2024