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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.93 | 5.18% | 79.75 | 76.00 | 83.75 | 65,822 | 16:35:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 38.85B |
TIDMCOD
RNS Number : 7966V
Compagnie de Saint-Gobain
17 December 2013
December 17, 2013
Saint-Gobain extends the maturity and reduces the cost
of its Euro 4 billion undrawn bank facilities
Compagnie de Saint-Gobain signed today, with a group of 26 banks*, an undrawn revolving credit facility for an amount of Euro 2.5 billion, maturing in December 2018, with two options for an additional one-year extension each.
The facility was significantly oversubscribed with bank commitments reaching in excess of Euro 3.6 billion, which underlines banks' confidence in the credit quality of Saint-Gobain.
It replaces a facility of an equivalent amount which was due to mature in 2015.
At the same time Compagnie de Saint-Gobain obtained the agreement from 27 banks* to extend the maturity - from December 2017 until December 2018 - and reduce the cost of another Euro 1.5 billion undrawn revolving credit facility.
The initial margin for both facilities is set at 50 basis points, based on Saint-Gobain's long-term senior debt being currently rated BBB by Standard & Poor's and Baa2 by Moody's.
These operations confirm the Group's financial strength.
* Banks participating in at least one of the facilities are listed below :
Banco Santander, Bank of Tokyo-Mitsubishi UFJ, Barclays, BBVA, BNP Paribas, Citi, Commerzbank, Crédit Agricole Corporate and Investment Bank, Crédit Mutuel - CIC, HSBC, Intesa Sanpaolo, JP Morgan, Mizuho, Natixis, Royal Bank of Scotland, Société Générale Corporate and Investment Banking and Unicredit are Mandated Lead Arrangers and Bookrunners. ANZ, Bank of America Merrill Lynch, Credit Suisse, Danske Bank, Deutsche Bank, Goldman Sachs, ICBC, ING, La Banque Postale, Lloyds, Morgan Stanley, Nordea, SMBC, Standard Chartered Bank and Toronto Dominion are Mandated Lead Arrangers. Crédit Agricole Corporate and Investment Bank is Facility Agent for both facilities.
More about Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2012 sales of EUR43.2 billion, Saint-Gobain operates in 64 countries and has nearly 193,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.
Analyst/Investor relations Media relations --------------------------------------------------------- -------------------------------- Gaetano TERRASINI +33 1 47 62 32 Sophie CHEVALLON +33 1 47 62 52 30 48 Vivien DARDEL +33 1 47 62 44 29 Susanne TRABITZSCH +33 1 47 Alexandra BAUBIGEAT +33 1 47 62 62 43 25 30 93 --------------------------------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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