{"id":20887,"date":"2023-10-31T13:13:24","date_gmt":"2023-10-31T12:13:24","guid":{"rendered":"https:\/\/delachaux.com\/?p=20887"},"modified":"2023-10-31T13:13:24","modified_gmt":"2023-10-31T12:13:24","slug":"debt-amend-and-extend","status":"publish","type":"post","link":"https:\/\/delachaux.com\/2023\/10\/debt-amend-and-extend\/","title":{"rendered":"Debt amend and extend"},"content":{"rendered":"<div>\n<p class=\"xmsonormal\"><span lang=\"EN-US\">On October 19<sup>th<\/sup>, 2023, Delachaux Group has successfully extended by 3 years the maturity of its Term loan B up to April 2029 and upsized it to \u20ac770mm. Proceeds will be used to amend &amp; extend the existing \u20ac Term Loan B (maturing in Apr-26), repay the existing $ 140mmTerm Loan B.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"xmsonormal\"><span lang=\"EN-US\">This transaction is providing the Delachaux group with financial visibility over the coming years, in a challenging economic environment and a world of geo-political tensions.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"xmsonormal\"><span lang=\"EN-US\">In parallel, the three-year extension of the existing \u20ac75mm RCF (up o Oct-28) also provide the group with financial liquidity and flexibility to potentially seize market opportunities.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"xmsonormal\"><span lang=\"EN-US\">Thank you to the two Mandated lead Arrangers <\/span><span lang=\"EN-US\"><a href=\"https:\/\/www.linkedin.com\/company\/bnpparibascorporateandinstitutionalbanking\">BNPParibas Corporate and Institutional Banking<\/a><\/span><span lang=\"EN-US\">\u00a0and \u00a0@ <\/span><a href=\"https:\/\/www.linkedin.com\/company\/jpmorgan\"><span lang=\"EN-US\">JPMorgan<\/span><\/a> <span lang=\"EN-US\">\u00a0and additional bookrunners \u00a0\u00a0<\/span><a href=\"https:\/\/www.linkedin.com\/company\/hsbc\"><span lang=\"EN-US\">HSBC<\/span><\/a><span lang=\"EN-US\"> , <\/span><span lang=\"EN-US\">\u00a0<\/span><a href=\"https:\/\/www.linkedin.com\/company\/credit-agricole-cib\"><span lang=\"EN-US\">CA-CIB<\/span><\/a><span lang=\"EN-US\">, <\/span><a href=\"https:\/\/www.linkedin.com\/company\/societegenerale-corporate-and-investment-banking\"><span lang=\"EN-US\">Societe Generale Corporate and Investment Banking<\/span><\/a> <span lang=\"EN-US\">for their support and engagement in executing this transaction. \u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On October 19th, 2023, Delachaux Group has successfully extended by 3 years the maturity of its Term loan B up to April 2029 and upsized it to \u20ac770mm. Proceeds will be used to amend &amp; extend the existing \u20ac Term Loan B (maturing in Apr-26), repay the existing $ 140mmTerm Loan B. This transaction is&#8230;<\/p>\n","protected":false},"author":3,"featured_media":20885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/posts\/20887"}],"collection":[{"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/comments?post=20887"}],"version-history":[{"count":1,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/posts\/20887\/revisions"}],"predecessor-version":[{"id":20888,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/posts\/20887\/revisions\/20888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/media\/20885"}],"wp:attachment":[{"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/media?parent=20887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/categories?post=20887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/tags?post=20887"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/delachaux.com\/wp-json\/wp\/v2\/yst_prominent_words?post=20887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}