(AOF) – Vicat announced that it had signed a financing agreement for an amount of 250 million euros on November 15, 2021, in the form of a Private Placement with first-rate American investors (USPP). This financing agreement is made up of two tranches: the first, for an amount of 100 million euros, with a maturity of 10 years, at a fixed rate of 1.27%; and the second, for an amount of 150 million euros, with a maturity of 15 years, at a fixed rate of 1.57%.
This financing will allow the cement manufacturer to strengthen the liquidity of its balance sheet, extend the overall maturity of its debt, and reduce the average rate of its debt (2.23% against 2.82% previously, on a pro forma basis excluding IFRS16 debt).
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