"Redbridge's support was crucial in reinforcing our financial structure. The team negotiated flexible credit terms with our banking partners"

Damien Billiard
CFO

Project Description

  • Debt structure advisory
  • Syndicated loan
  • Commercial paper
  • Euro private placement

Objectives

  • Reinforce Le Noble Age’s liquidity and financial structure as part of its strategic plan
  • Establish a diversified debt structure that optimizes costs and credit terms

Results

  • €150m revolving credit facility (RCF) with a 5-year maturity and a one-year extension option – Le Noble Age’s first syndicated loan was concluded with its  main banking partners, who were previously funding the group through short-term bilateral credit lines.
  • €120m Commercial Paper program to meet short-term financing needs – The inaugural issuance was made on June 30th, with the support of five dealers.
  • €31.2m bond issuance in the form of a seven-year unlisted euro private placement deal.

Redbridge’s role

  • Support the Group in designing an optimal debt structure in line with its business plan
  • Credit profile
  • Manage banking relationships and help negotiate credit terms and conditions

Redbridge’s added value

  • Preliminary analysis: in-depth understanding of the client’s business plan and its credit profile
  • Three deals executed nearly simultaneously
  • Flexible bond documentation