on CHARGEURS (EPA:CRI)
Chargeurs Secures €75 Million Syndicated Loan to Boost Strategic Goals
Chargeurs has announced the acquisition of a €75 million syndicated loan. The loan is secured with three established French banks: BNP Paribas, Crédit Agricole CIB, and Groupe BPCE. This Sustainability-Linked financing aims to support Chargeurs' strategic plan for 2025-2030, providing extended maturity terms of 5 to 6 years with flexible documentation.
Michaël Fribourg, CEO of Chargeurs, underscored the alignment of the Group's financial strategy with long-term asset management. The loan promises to enhance Chargeurs' position and is expected to trigger a new cycle of value creation.
This financing, exempt from leverage covenants, adheres to a favorable gearing ratio. It allows Chargeurs to adjust its financial duration from 2.3 years to 3.2 years while hedging market rates, predicting reduced financial expenses by 2025.
R. H.
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