Cegedim: New financing structure for €200m
October 09 2018 - 12:00PM
Financial information
IFRS - Regulated information
Cegedim: New financing structure
for €200m
Disclaimer: This press release is available in
French and in English. In the event of any difference between the
two versions, the original French version takes precedence. This
press release may contain inside information. It was sent to
Cegedim's authorized distributor on October 9, 2018, no earlier than 5:45 pm Paris
time. |
Boulogne-Billancourt, France,
October 9, 2018 after the
market close
Cegedim announces
the setting up of a new financing structure for a total amount of
€200m, consisting of a €135m Euro PP bond issue with a maturity of
7 years, and a €65m syndicated loan with a tenor of 5 years plus
one year extension option.
The €135m Euro Private Placement,
arranged by ODDO BHF, allows Cegedim to extend
its debt maturity profile and diversify its financing sources.
Proceeds from the bond issue, maturing in October 2025, were used
to refinance the existing syndicated loan. This transaction is
combined with a syndicated loan of €65m maturing in October 2023
from the Group's long-standing banks.
Jean-Claude Labrune, Chief
Executive Officer of Cegedim, welcomes the
success of this transaction, which demonstrates the Group's
attractiveness to leading institutional investors and strengthens
its relationship with its historical banks. "This transaction
allows to optimize Cegedim's financial structure, with proceeds
from the bond issue enabling to refinance all Group's debt with a
long-term financing base."
Cegedim was
advised by Linklaters, and Oddo BHF, arranger of the Euro PP bond
issue, was advised by White & Case.
About Cegedim:
Founded in 1969, Cegedim is an innovative technology and services
company in the field of digital data flow management for healthcare
ecosystems and B2B, and a business software publisher for
healthcare and insurance professionals. Cegedim employs more than
4,200 people in more than 10 countries and generated revenue of
€457 million in 2017. Cegedim SA is listed in Paris (EURONEXT:
CGM).
To learn more, please visit: www.cegedim.com
And follow Cegedim on Twitter: @CegedimGroup, LinkedIn and
Facebook.
. |
Aude Balleydier
Cegedim Media
Relations
and Communications Manager
Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.com |
Jan Eryk Umiastowski
Cegedim
Chief Investment Officer
and head of Investor Relations
Tel.: +33 (0)1 49 09 33 36
janeryk.umiastowski@cegedim.com |
Marina Rosoff
For Madis Phileo
Media Relations
Tel: +33 (0)6 71 58 00 34
marina@madisphileo.com |
Follow Cegedim:
|
Cegedim_Refinancing_102018_ENG
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cegedim SA via Globenewswire
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