Saint-Gobain Signs With 24 Banks
COURBEVOIE,
de Saint-Gobain today signed, with a large group of 24 banks*, a revolving
credit facility for an amount of
The operation was significantly oversubscribed at
enabling Saint-Gobain to increase the size of the facility to
from
credit quality of Saint-Gobain.
Reflecting improved market conditions the initial margin of this facility
is set at 75 basis points, based on Saint-Gobain’s long-term senior debt
being currently rated BBB by Standard & Poor’s and Baa2 by Moody’s.
This operation allows Saint-Gobain to replace a
otherwise maturing in
1 billion
reinforces the Group’s strong liquidity for the next 5 years.
* Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays,
BNP Paribas, Citi, Credit Agricole Corporate & Investment Bank, Credit Mutuel
- CIC, Commerzbank, HSBC, Intesa SanPaolo, JP Morgan, Mizuho, Natixis, The
Royal Bank of
Investment Banking and Unicredit are Mandated Lead Arrangers and Bookrunners.
BBVA, Danske Bank, Deutsche Bank, Goldman Sachs, ING et Nordea are Mandated
Lead Arrangers and PNC Bank is an Arranger. Credit Agricole Corporate &
Investment Bank is Agent of the Facility.
About Saint-Gobain
Located in 64 countries with over 190,000 employees, Saint-Gobain, the
world leader in the habitat and construction markets, designs, manufactures
and distributes building materials, providing innovative solutions to meet
growing demand in emerging and mature countries, for energy efficiency and
for environmental protection.
Analyst/Investor relations
Florence Triou-Teixeira, +33-1-47-62-45-19;
Etienne Humbert, +33-1-47-62-30-49;
Vivien Dardel, +33-1-47-62-44-29.
Press relations
Sophie Chevallon +33-1-47-62-30-48
SOURCE Saint-Gobain
