Edenred successfully refinances existing facilities
PR Newswire/Les Echos/
Press release April 25, 2013
Edenred successfully refinances existing facilities with a EUR700 million syndicated credit facility
As part of its financial optimization process, Edenred announced today that it has closed a EUR700 million syndicated credit facility with a group of leading banks.
The new facility replaces the existing bilateral committed credit lines, signed in June 2010 for EUR528 million and scheduled to expire in June 2014. Its five-year duration has lengthened the average maturity of Edenred's financing.
The transaction's success attests to the market's confidence in Edenred and its sound financial situation(1).
The banks participating in the oversubscribed facility are as follows:
* Mandated Lead Arrangers and Bookrunners Barclays Bank PLC, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Groupe Crédit Mutuel - CIC, Citibank, N.A., Commerzbank, HSBC, Natixis, Société Générale Corporate & Investment Banking
* Arrangers Bayerische Landesbank, Banco Santander, BBVA, DNB Bank ASA, ING
* Co-Arrangers Itaú BBA, Intesa Sanpaolo
(1) Edenred has been rated " Strong Investment Grade " by Standard & Poor's since June 2010. The rating was affirmed by Standard & Poor's on March 26, 2013.
Edenred, which invented the Ticket Restaurant(r) meal voucher and is the world leader in prepaid corporate services, designs and delivers solutions that make employees' lives easier and improve the efficiency of organizations. Edenred solutions ensure that funds allocated by companies are used as intended. These solutions help to manage: * Employee benefits (Ticket Restaurant(r), Ticket Alimentación, Ticket CESU, Childcare Vouchers, etc.) * Expense management (Ticket Car, Ticket Clean Way, Repom, etc.) * Incentive and rewards programs (Ticket Compliments, Ticket Kadéos, etc.).
The Group also supports public institutions in managing their social programs.
Listed on the NYSE Euronext Paris stock exchange, Edenred operates in 40 countries, with nearly 6,000 employees, nearly 610,000 companies and public sector customers, 1.3 million affiliated merchants and 38 million beneficiaries. In 2012, total issue volume amounted to EUR16.7 billion, of which 61% was generated in emerging markets.
Ticket Restaurant(r) and all other tradenames of Edenred programs and services are registered trademarks of Edenred SA.
Media relations Anne-Sophie Sibout, Media Relations and Internal Communication Director - Phone: +33 (0)1 74 31 86 11 - firstname.lastname@example.org Domitille Pinta, Media Relations Manager - Phone: +33 (0)1 74 31 86 27 - email@example.com Astrid Montfort, Press Officer - Phone: + 33 (0) 74 31 87 42 - firstname.lastname@example.org
Investor relations Virginie Monier, Financial Communication Director - Phone: + 33 (0)1 74 31 86 16 - email@example.com Aurélie Bozza, Investor Relations - Phone: + 33 (0)1 74 31 84 16 - firstname.lastname@example.org
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-0- Apr/26/2013 10:13 GMT