Quadient strengthens its financial position with a USD50 million bank loan from Bank of America

Quadient strengthens its financial position  with a USD50 million bank loan from Bank of America 

Paris, December 20, 2024

Quadient S.A. (Euronext Paris: QDT), a global automa on pla orm powering secure and sustainable business connec ons, today announces a USD50 million bank loan from Bank of America. This new credit facility, which comes with a 3-year maturity at a variable rate, strengthens Quadient’s financial posi on ahead of debt maturi es due in 2025. 

Since the beginning of the year and including this transac on, Quadient has successfully raised the equivalent of €230 million through various financial instruments, including a Schuldschein and term loans, all contribu ng towards the repayment of exis ng credit lines maturing in 2025, notably a bond issue with an outstanding amount of €260 million, bearing a 2.25% coupon and a €29 million Schuldschein tranche.

This new bank loan is subject to compliance with Quadient’s main financial covenants currently in place, notably a leverage ra o excluding leasing opera ons⁽¹⁾ below 3.0x and Group shareholders’ equity greater than €600 million. As of 31 July 2024, Quadient’s leverage ra o excluding leasing stood at 1.6x and Group’s shareholders’ equity at €1,064 million. 

Laurent du Passage, Chief Financial Officer of Quadient, commented: “We are par cularly pleased to have signed this credit facility with Bank of America, a long-term partner of the Group. By contribu ng to meet our debt refinancing meline and op mize our financing condi ons, this new bank loan is another step in the strengthening of Quadient’s financial profile.”

About Quadient®

Quadient is a global automa on pla orm provider powering secure and sustainable business connec ons through digital and physical channels. Quadient supports businesses of all sizes in their digital transforma on and growth journey, unlocking opera onal efficiency and crea ng meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME inves ng.  For more informa on about Quadient, visit h ps://invest.quadient.com/en/

Contacts

+33 (0)1 45 36 31 82

c.baude@quadient.com

(1) Leverage ratio defined as Net debt excluding leasing/EBITDA excluding leasing

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