"The Redbridge team provided us with the clarity, perspective and expertise needed to transition our financing structure to a mature midcap model. "

Brice Fournet
Administrative and Financial Director

Objectives

  • Establish the group’s first true corporate bank financing
  • Strengthen its overall liquidity
  • Optimize all financial conditions
  • Refinance almost all historic banking facilities, refocus (non-promotional) financing of holdings

Results (1/2)

  • Establishment of €105m Club Deal, broken down as follows:
  • RCF €45m over five years + one-year extension option
  • Term loan refinancing of €30m over seven years
  • Investment loan of €30m over seven years
  • Establishment of €50m Euro Private Placement over seven years
  • Documentation and commitments adapted to the group’s development plan
  • Optimization of cost, maturity, flexibility and fixed/variable rate mix parameters

Results (2/2)

Before / after distribution of financial resources (excluding promotional financing)

Methodology

  • Five-year business plan analysis and identification of financing and liquidity needs
  • Development of the group’s future financing structure
  • Support up to closing

Redbridge’s Added Value

  • Full joint collaborative project management with the group’s Finance department and all stakeholders: banks and investors (historic and new relationships), lawyers.
  • Knowledge of market enabled the company to migrate to a corporate framework (release of securities, relaxation of financial commitments, etc.)
  • Performance risk control and oversubscriptions management, enabling the optimization of terms and conditions
  • Support for pricing (banking and mandatory) negotiations and for redemption of historic private placement
  • Production of internal support mechanisms (key decision tools and validation of decision-making bodies)
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