Saint-Gobain Signs a Euro 1.5 Billion Credit Facility With a 5 Year Maturity

 Saint-Gobain Signs a Euro 1.5 Billion Credit Facility With a 5 Year Maturity

PR Newswire

PARIS, December 7, 2012

PARIS, December 7, 2012 /PRNewswire/ --

Compagnie de Saint-Gobain signed today, with a group of 28 banks*, a revolving
credit facility for an amount of Euro 1.5 billion, maturing in December 2017.

The facility, initially planned for an amount of Euro 1 billion, was
significantly oversubscribed with bank commitments reaching in excess of Euro
2.2 billion. This enabled Saint-Gobain to increase the size of the facility to
Euro 1.5 billion and underlines renewed banks' confidence in the credit
quality of Saint-Gobain.

The initial margin for the facility is set at 85 basis points, based on
Saint-Gobain's long-term senior debt being currently rated BBB by Standard &
Poor's and Baa2 by Moody's.

This credit facility is replacing a Euro 1 billion facility which was due to
mature in June 2013 and allows to reduce from Euro 3 billion to Euro 2.5
billion another facility maturing in December 2015. This operation reinforces
the group's strong liquidity for the next 5 years as all of these lines are
undrawn.

* ANZ, Banco Santander, Bank of Tokyo-Mitsubishi UFJ, BBVA, BNP Paribas, Citi,
Commerzbank, Crédit Agricole Corporate and Investment Bank, Crédit Mutuel -
CIC, HSBC, Intesa Sanpaolo, JP Morgan, Mizuho, Natixis, Royal Bank of
Scotland, Société Générale Corporate and Investment Banking and Unicredit are
Mandated Lead Arrangers and Bookrunners. Bank of America Merrill Lynch,
Barclays, Credit Suisse, Danske Bank, Goldman Sachs, ING, Lloyds, Morgan
Stanley, SMBC, Toronto Dominion and UBS are Mandated Lead Arrangers. Crédit
Agricole Corporate and Investment Bank is Facility Agent.

Saint-Gobain, the world leader in the habitat and construction markets,
designs, manufactures and distributes building materials, providing innovative
solutions to the challenges of growth, energy efficiency and environmental
protection.With 2011 sales of more than €42 billion, Saint-Gobain operates in
64 countries and has nearly 195,000 employees. For more information about
Saint-Gobain, visithttp://www.saint-gobain.com.

Analyst/Investor relations

Florence TRIOU-TEIXEIRA  +33-1-47-62-45-19
Vivien DARDEL+33-1-47-62-44-29
Alexandra BAUBIGEAT    +33-1-47-62 30-93

Press relations

Sophie CHEVALLON +33-1-47-62-30-48
Susanne TRABITZSCH +33-1-47-62-43-25

SOURCE Saint-Gobain
 
Press spacebar to pause and continue. Press esc to stop.