Kaufman & Broad SA: New Syndicated Loan Agreement for €200M Over 5 Years

Kaufman & Broad announced the signing of a €200M syndicated loan agreement on 10 July 2024. This loan has an initial maturity of 5 years and replaces the existing 'RCF 2019' syndicated loan of €250M, which was due to mature in January 2025.

The new loan allows the company to extend its resource maturity while providing flexibility for use based on needs and opportunities. It also includes a positive incentive mechanism based on CSR indicators, highlighting Kaufman & Broad's environmental commitment.

The loan was subscribed with prominent French banks including Arkea Banque Entreprises et Institutionnels, Banque Européenne du Crédit Mutuel (BECM), BNP Paribas, Crédit Agricole Corporate and Investment Bank, La Banque Postale, Société Centrale Pour Le Financement De L'immobilier (SOCFIM), and Société Générale.

Crédit Agricole Corporate and Investment Bank served as the mandated Arranger and advised Kaufman & Broad in association with Banque Postale on CSR aspects as CSR Coordinator.