Marie Brizard Wine & Spirits refinances its senior debt with a new syndicated credit facility of €77.5m
July 31 2017 - 1:30AM
Ivry-sur-Seine, 31
July 2017
MBWS refinances
its senior debt with a new syndicated credit facility of
€77.5m
MBWS (Euronext Paris : MBWS)
has refinanced its senior debt of €62.5m (in place since May 2016)
with a new syndicated credit facility of €77.5m, maturing in July
2022.
The syndicated credit facility,
which will be held at the corporate level of the MBWS Group, is
comprised of:
a term
loan in the amount of €45m, used to refinance the previous
outstanding balance of the 2016 senior debt; and a revolving credit
facility in the amount of €32.5m which will be used to finance the
company's general operating needs and possible external growth.
The refinancing of the company's
debt strengthens the Group's financial agility as the syndicated
credit facility lengthens the maturity of long-term debt to 4.3
years, and provides a more flexible framework for some of the
conditions, such as the bank covenants, in addition to reducing
financial costs. Moreover, this refinancing demonstrates the
confidence the French banking community has in MBWS and the
company's growth prospects.
This syndicated credit facility
was subscribed by a syndicate of banks comprised of CIC Lyonnaise
de Banque, Le Crédit Lyonnais, Natixis, Société Générale, and
Crédit Agricole Ile de France. The syndicate was advised by
the law firm of Hogan Lovells. For this transaction, MBWS was
advised by Redbridge Debt & Treasury Advisory and by the law
firm of De Pardieu Broca Maffei.
About Marie
Brizard Wine & Spirits (MBWS)
Marie Brizard Wine & Spirits produces and sells a range of wine
and spirits primarily in Europe and the United States. MBWS
has distinguished itself for its know-how, the range of its brands,
and a long tradition and history of innovation. From the
inception of Maison Marie Brizard in Bordeaux, France in the year
1755, to the launch of Fruits and Wine in 2010, Marie Brizard Wine
& Spirits has successfully developed and adapted its brands to
make them contemporary while respecting their origins. MBWS
is committed to providing value by offering its customers bold,
trustworthy, flavorful and experiential brands. The company
currently has a broad portfolio of leading brands in their
respective market segments, most notably William Peel scotch
whisky, Sobieski vodka, Fruits & Wine flavored wine and Marie
Brizard liqueurs. Marie Brizard Wine & Spirits is listed
on the regulated market of Euronext Paris, Compartment B (ISIN code
FR0000060873, ticker MBWS) and is included in the EnterNext©
PEA-PME 150 index, among others.
Press:
Stéphane Pedrazzi
stephane.pedrazzi@mbws.com
Tel: +33 1 76 28 40 71
Investors:
Raquel Lizarraga
raquel.lizarraga@mbws.com
Tel: +33 1 43 91 50 18
Simon Zaks, Image
Sept
szaks@image7.fr
Tel: +33 1 53 70 74
MBWS refinances its senior debt
with a new syndicated credit facility
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marie Brizard Wine & Spirits via
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