"Redbridge's support was crucial in reinforcing our financial structure. The team negotiated flexible credit terms with our banking partners."
Best debt financing transaction of the year 2015,
3rd edition of the Rencontres du Financement de l’Economie.
Engagement Overview
- 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
Methodology
- 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
Value Added by Redbridge
- Preliminary analysis: in-depth understanding of the client’s business plan and its credit profile
- Three deals executed nearly simultaneously
- Terms & Conditions: close and comprehensive negotiations for optimized results
- Negotiation of a flexible bond documentation compared to the syndicated loan