VINCI successfully renews its syndicated revolving credit facility
January 10 2024 - 1:45PM
VINCI successfully renews its syndicated revolving credit facility
Nanterre, 10 January 2024
VINCI successfully renews its syndicated
revolving credit facility
VINCI SA announces that it has entered into an
agreement with a syndicate of 23 core relationship banks, which was
signed on 9 January 2024, to amend its revolving credit
facility.
This agreement relates to:
- the extension of the credit
facility’s maturity until 9 January 2029, along with two renewal
options, each for an additional year;
- the size of the credit facility,
which has been reduced to €6.5 billion from €8.0 billion
previously, given the increase in VINCI’s available cash in recent
years;
- the increase in the number of
participating banks, to 23 from 21 previously.
Intended to finance the Group’s general
requirements, this confirmed credit facility is currently
unused.
With this transaction, VINCI has extended the
average maturity of its available resources, in line with its
prudent approach to liquidity management.
The transaction was largely oversubscribed,
illustrating the significant interest from banks and their
confidence in the Group’s financial strength.
About VINCIVINCI is a global player in
concessions, energy and construction, employing 272,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_RCF_20240110_VF V1_EN
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