Compagnie de Saint-Gobain Revolving credit facility (2463W)
December 08 2023 - 12:58PM
UK Regulatory
TIDMCOD
RNS Number : 2463W
Compagnie de Saint-Gobain
08 December 2023
SAINT-GOBAIN successfully renews EUR4 billion
bank commitments with a backup
sustainability-linked revolving credit facility
Saint-Gobain signed today, with a group of banks, a EUR4 billion
backup revolving credit facility maturing in December 2028, with 2
options for an additional one-year extension each. It refinances 2
backup facilities of EUR2.5 and EUR1.5 billion which were due to
mature in December 2024.
The credit facility is a Sustainability-Linked Loan (SLL); its
margin is indexed to 3 performance indicators of Saint-Gobain's
sustainability roadmap, with ambitious targets by 2030 in relation
to the base year 2017:
- Reduce by 33% the absolute Scope 1 and 2 CO(2) emissions.
- Achieve an 80% reduction of non-recovered production
waste.
- Keep a frequency rate for workplace accidents at or below 1.5
per million of working hours.
The facility was significantly oversubscribed with bank
commitments exceeding EUR5 billion.
31 bank groups from 12 different countries are part of this
credit line, which underlines banks' confidence in the credit
quality of Saint-Gobain :
Banco Santander, Bank of America, Barclays Bank, BBVA, BNP
Paribas, Citibank, Crédit Agricole (CA-CIB & LCL), Crédit
Industriel et Commercial, Deutsche Bank, HSBC, Intesa Sanpaolo, JP
Morgan, Mizuho Bank, Natixis, Natwest, Société Générale and
Standard Chartered Bank are Mandated Lead Arrangers and Bookrunners
. Caixa Bank, Danske Bank, Goldman Sachs, ING, La Banque Postale,
Morgan Stanley, Royal Bank of Canada, SMBC Bank and Unicredit are
Mandated Lead Arrangers. Agricultural Bank of China, Bank of China,
Commerzbank, First Abu Dhabi Bank and Landesbank Hessen Thüringen
are Lead Arrangers. Crédit Agricole CIB is Facility Agent and acted
as Documentation Agent and Coordinator of the Syndication. Société
Générale acted as ESG Coordinator.
About Saint-Gobain
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures and distributes materials and
services for the construction and industrial markets. Its
integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization of
construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose, "MAKING THE WORLD A
BETTER HOME".
EUR51.2 billion in sales in 2022
168,000 employees, locations in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain, visit
www.saint-gobain.com and follow us on
Analyst/investor relations Press relations
-------------------------------------------------
Vivien Dardel: +33 1 88 54 29 77 Patricia Marie : +33 1 88 54 26 83
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Floriana Michalowska: +33 1 88 54 19 09 Laure Bencheikh : +33 1 88 54 26 38
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Alix Sicaud: +33 1 88 54 38 70 Flavio Bornancin-Tomasella : +33 1 88 54 27 96
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James Weston: +33 1 88 54 01 24
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X @saintgobain .
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