PR Newswire/Les Echos/
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
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
Bayerische Landesbank, Banco Santander, BBVA, DNB Bank ASA, ING
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.
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-0- Apr/26/2013 10:13 GMT
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