SYSTRA secures “Club-Deal” financing
On 9 November 2016, SYSTRA raised EUR 117 million in debt with a pool of five major banks: Crédit Agricole Corporate and Investment Bank, Société Générale, Natixis, BNP Paribas and HSBC France.
“Systra has joined the close circle of companies that have secured “Club-Deal” financing. We have therefore acquired the means to finance all our needs and plan for the future. Discussions and meetings prior to the signature of the Club-Deal allowed us to strengthen the level of trust with our financiers. The latter’s support through this “Club-Deal” is a major vote of confidence in our projects” according to Bruno Schmitt, the Group’s Corporate Secretary.
Three identified objectives:
- refinancing existing debt,
- securing the debt required to finance future acquisitions,
- and financing short-term cash requirements.
SYSTRA had several objectives. Firstly: refinancing existing credit lines by taking advantage of current favourable interest rates. Secondly, securing the financial resources required to implement its strategic plan. The Club-Deal will thus allow SYSTRA to finance its external growth transactions. Finally, a revolving credit facility was integrated which will secure short-term lines of overdraft for SYSTRA and its subsidiaries.