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
Date: 10 December 2002
Source: Glass Digest Magazine

See more news about:

See more from these topics:

Others also read

Over the last five years, Sandton (South Africa) has been a magnet for large-scale developments. Designed by Boogertman + Partners Architects, the 85 000 m2 Discovery building is one of them.
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Vetrotech supplied over 1'600m2 of Contraflam Lite Structure EW30 solutions.
The glazed walkway at London’s Tower Bridge attraction, which was designed and manufactured by GLASSOLUTIONS, has been voted as winner of’s ‘Best window with a view 2017’ competition.
Architects Pelli Clarke Pelli specified the most demanding requirements for a fire-rated glass floor and skylight to date for this project including 2-hour fire rating, blast, and seismic resistance, live loading for foot traffic, and waterproofing.
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment