PRESS RELEASE |
SHOWROOMPRIVÉ strengthens its financial structure
signature of a structured financing of 70 M € to Refinance the existing debt and have new financial resources
La Plaine Saint Denis, December 17, 2021
– Showroomprivé (SRP Groupe), a leading European player in online sales to Digital Women, announces that it has obtained the agreement of its banking partners for the establishment of structured financing “Sustainability-linked syndicated facilities »Amounting to € 70 million, which aims to refinance all of the € 63 million bank debt resulting from the protocol signed on April 29, 2020 and to strengthen the Group’s financial resources.
This transaction puts an end to the conciliation period and demonstrates the Group’s new profitable dynamic. It will make it possible to regain more flexibility for the implementation of new value-creating projects.
This Sustainability-linked syndicated facilities includes a repayable credit tranche for € 50 million and a drawing credit tranche (G&A Facility) for a maximum amount of € 20 million. These bank debts mature in December 2026.
The financing incorporates a mechanism for reducing the cost of financing linked to the Group’s achievement of two ESG criteria.
This agreement, signed today, December 17, 2021, was concluded with Caisse d’Epargne as financing coordinator and ESG coordinator, with a banking pool of 3 establishments (CAIDF (Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Île -de-France), BNP Paribas, Société Générale) already partners and who on this occasion renew their confidence in the Group’s prospects.
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Next information
Annual results March 10, 2022
About showroomprive.com
Showroomprivé.com is a European player in online event sales, innovative and specialized in fashion. Showroomprivé offers a daily selection of more than 3,000 partner brands on its mobile applications or its website in France and in six other countries.
Listed on the Euronext Paris market (code: SRP), Showroomprivé achieved a gross business volume in 2020 including tax
[1]
of over 962 million euros, and net sales of 698 million euros. The Group employs more than 950 people.
For more information: http://showroomprivegroup.com
Contacts
Private showroom |
NEWS finance & communication |
Sylvie Chan Diaz, Investor Relations | Grégoire Saint-Marc, Investor Relations |
+33 1 53 67 36 94 | |
Priscilla Le Minter, Communication | Manon Clairet, Press Relations |
+33 1 76 21 50 16 | +33 1 53 67 36 73 |
FORWARD-LOOKING STATEMENTS
This press release contains summary information only and is not intended to be detailed.
This press release may contain forward-looking information and statements relating to the Group and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements with respect to plans, objectives and expectations with respect to future operations, future products and services, and statements with respect to -vis of future performance. Forward-looking statements may be identified by the words “believe”, “anticipate”, “objective” or similar expressions. Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, investors and shareholders of the Group are cautioned that information and forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to ascertain. foresee and generally outside the control of the Group, which could imply that the actual results and events differ significantly and unfavorably from those communicated, implied or indicated by this information and these forward-looking statements. These risks and uncertainties include those that are developed or identified in the documents filed or to be filed with the Autorité des marchés financiers by the Group (in particular those detailed in Chapter 3 of the Company’s universal registration document). The Group does not make any commitment to publish updates to forward-looking information, whether as a result of new information, future events or any other element.
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Full and original press release in PDF format:
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