(CercleFinance.com) – Quadient announces the closing of its first sustainability-related loan, namely a €300 million syndicated revolving credit facility (RCF), with an initial term of five years maturing June 2028, negotiated with a syndicate of seven banks.
This RCF is accompanied by an accordion component of 100 million euros, bringing the total potential amount of the credit line to 400 million depending on the approval of the banks. It replaces the existing undrawn RCF of 400 million, which was due to mature in June 2024.
“This transaction offers financial flexibility on attractive terms in current market conditions,” comments CFO Laurent du Passage, who also highlights the significant demand generated by the operation.
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