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Saint-Gobain Diversifies its Sources of Financing With a Euro 600 Million Securitisation Programme for Trade Receivables in



  Saint-Gobain Diversifies its Sources of Financing With a Euro 600 Million
           Securitisation Programme for Trade Receivables in France

PR Newswire

PARIS, December 2, 2013

PARIS, December 2, 2013 /PRNewswire/ --

The Saint-Gobain Group diversifies its sources of on-going financing at a
favourable level of cost through a securitisation programme for trade
receivables in France.

Point.P group, Saint-Gobain's professional building distribution activity in
France, concluded today, with a group of six banks*, agreements to establish a
trade receivables securitisation programme for a maximum financing amount of
Euro 600 million.  

Half of the banks' commitments have a three-year term (renewable) while the
other half are on the basis of a one-year commitment (automatically
renewable). Based on recently observed levels of 1 month Euribor, the initial
annualized cost of this floating rate financing, including set up and running
costs, would be about 0.8%.

*The group of six banks is made of a lead arranger, Société Générale, and five
arrangers: Crédit Agricole Corporate & Investment Bank, HSBC, The Bank of
Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Ltd., Natixis.

More about Saint-Gobain

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 2012 sales of €43.2 billion, Saint-Gobain
operates in 64 countries and has nearly 193,000 employees. For more
information about Saint-Gobain, please visit http://www.saint-gobain.com.

Analyst/Investor relations

Gaetano TERRASINI          +33-1-47-62-32-52
Vivien DARDEL              +33-1-47-62-44-29
Alexandra BAUBIGEAT        +33-1-47-62-30-93

Media relations

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

SOURCE Saint-Gobain
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