Issue of Debt

RNS Number : 9894Z

Compagnie de Saint-Gobain

20 December 2017

 

PRESS RELEASE

December 20, 2017

Saint-Gobain extends the maturity and reduces the cost             
of its Euro 4 billion undrawn bank facilities

Saint-Gobain today signed with a group of banks an undrawn revolving credit facility for Euro 1.5 billion, maturing in December 2022 with two options for an additional one-year extension each. It replaces a facility of an equivalent amount which was due to mature in December 2018. The new facility was significantly oversubscribed with bank commitments reaching Euro 2.5 billion.

At the same time Saint-Gobain obtained the agreement from banks to extend the maturity of another undrawn revolving credit facility for Euro 2.5 billion from December 2020 to December 2022, also with two options for an additional one-year extension each. The cost of this facility has now been aligned with that of the new Euro 1.5 billion facility.

32 banks of 12 nationalities are participating in at least one of these facilities, underlining their confidence in the credit quality of Saint-Gobain.

The financial conditions for the two facilities going forward represent an annual saving of over Euro 4 million in financial charges.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€39.1 billion in sales in 2016

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com 
@saintgobain

Analyst/Investor relations		Media relations
Vivien Dardel Florent Nouveau Floriana Michalowska	[phone]  [phone]  [phone]	Florence Pernot Susanne Trabitzsch	[phone]   [phone]

 

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