"Redbridge’s process, expertise and independence were the key to the success of this operation."
Engagement Overview
- Syndicated loan of €260m, 5 +1 +1
- Euro Private Placement of €100m, 10 years
Objectives
- Extend the maturity of the debt in line with the long-term nature of the group’s assets
- Continue diversifying the lender base
- Reinforce the group’s liquidity at an optimized cost
Results
- Substantially extended the debt duration and optimized the maturity profile
- Acquired highly attractive terms and conditions on the syndicated loan and Euro PP
- Relaxed documentation
- Consolidated bank relationships around a slightly smaller pool
Methodology
- Exclusive CDA committee on operation structuring
- Negotiation with lenders (banks and bonds)
- Legal contractualization
Value Added by Redbridge
Our consultation process, coupled with in-depth market knowledge and the lack of conflicts of interest, enabled CDA to optimize its target financial structure and simultaneously execute two reference operations on a tight schedule