Saint-Gobain Signs a EUR 1.2 Billion Revolving Credit Facility

Saint-Gobain announced the syndication of its EUR1.0 billion 5-year syndicated loan facility was closed successfully. The transaction was well oversubscribed allowing Saint-Gobain to increase the size of the facility to EUR1.2 billion.

The facility was signed on November 28, 2002.

The purpose of the facility is to refinance the existing $1.0 billion syndicated facility arranged in April 1996 and maturing in April 2003. The facility will be used for commercial paper backstop and general financing purposes. The facility is expected to remain undrawn and will provide the Saint-Gobain Group with an increased reserve of liquidity for the next 5 years.

The facility has been supported by a strong group of 19 international banks, underlying Saint-Gobain’s appeal in the debt capital markets. This support also reflects Saint-Gobain’s sound financial structure and its ability to generate an important and regular cash flow.

BNP Paribas, Crédit Lyonnais, and JPMorgan were appointed as mandated lead arrangers. BNP Paribas and JPMorgan acted as joint-bookrunner. Crédit Lyonnais acted as documentation and facility agent.

600450 Saint-Gobain Signs a EUR 1.2 Billion Revolving Credit Facility

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