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FNAC Fnac Darty SA

29.45
-0.15 (-0.51%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fnac Darty SA EU:FNAC Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -0.51% 29.45 29.05 31.00 29.85 29.15 29.50 11,458 16:44:27

Fnac Darty decides the withdrawal of the offering of €300 million senior bond issue due January 2029

13/09/2023 6:20pm

GlobeNewswire Inc.


Fnac Darty (EU:FNAC)
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Fnac Darty decides the withdrawal of the offering of €300 million senior bond issue due January 2029

Ivry-sur-Seine, France —September 13, 2023

Fnac Darty decides the withdrawal of the offering of €300 million senior bond issue due January 2029

Following its press release of September 12, 2023, Fnac Darty decides, today, the withdrawal of the offering of €300 million senior bond issue due January 2029, given current market conditions not enough attractive.

Fnac Darty benefits from a solid financial structure, with no short-term maturities and no immediate refinancing needs. Indeed, in the absence of the issue, the Delayed-Draw Term Loan (DDTL), an undrawn bank credit line of €300 million dedicated to the refinancing of outstanding May 2024 senior bonds, is maintained in its entirety. The DDTL has an initial maturity of December 2025, with a possible extension to 2027, upon lenders’ approval.

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About Fnac DartyOperating in 12 countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and domestic appliances. The Group, which has more than 25,000 employees, had a multi-format network of 987 stores at the end of December 2022, and is ranked as a major e-commerce player in France (close to 24 million unique visitors per month on average) with its three merchant sites, fnac.com, darty.com and natureetdecouvertes.com. A leading omnichannel player, Fnac Darty’s revenue was around €8 billion in 2022, 22% of which was realized online. For more information: www.fnacdarty.com

CONTACTS

ANALYSTS / INVESTORS                                Domitille Vielle                domitille.vielle@fnacdarty.com+33 (0)6 03 86 05 02                                                                                                Laura Parisot                laura.parisot@fnacdarty.com                                                                        +33 (0)6 64 74 27 18

PRESS                                                Audrey Bouchard        audrey.bouchard@fnacdarty.com+33 (0)6 17 25 03 77

Attachment

  • 20230913_FnacDarty_Withdrawal_Press Release FINAL

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