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