Saint-Gobain plans to open a 9 bln eur credit facility in connection with its 3.68 bln stg bid to acquire UK plasterboard group BPB PLC, and has named Deutsche Bank as lead arranger, a joint UBS and BNP Paribas statement said.
The package of term and revolving credit facilities will also go towards refinancing existing debt of both Saint-Gobain and BPB. The term facility will be for up to 5 years.
BNP Paribas and UBS will be co-bookrunners for the operation.
A spokesman for Saint-Gobain was not available for comment.