Safran signs with 13 banks a Euro 1.6 billion credit facility with a 5-year maturity
Paris, December 9, 2010 Safran (NYSE Euronext Paris: SAF) signed on December 8, with a large group of 13 banks*, a revolving credit facility for an amount of Euro 1.6 billion, maturing in December 2015. The operation was significantly oversubscribed at close to Euro 2 billion, enabling Safran to increase the size of the facility to Euro 1.6 billion from Euro 1.0 billion at launch, which underlines banks' confidence in the credit quality of Safran. The facility is for general corporate purposes. This operation allows Safran to stretch the maturity profile of its committed backup facility maturing in January 2012 and reinforces the Group's strong liquidity for the next 5 years. (*)
- The "Mandated Lead Arrangers and Bookrunners": Crédit Industriel et Commercial (groupe Crédit Mutuel-CIC), Groupe Crédit Agricole (acting through Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile de France and Crédit Agricole Corporate & Investment Bank), HSBC France, The Royal Bank of Scotland plc and Société Générale Corporate & Investment Banking (the corporate and investment banking division of Société Générale).
- The "Mandated Lead Arrangers": Banco Santander, S.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas and Commerzbank Aktiengesellschaft.
- The "Arrangers": Citibank International Plc, Deutsche Bank Luxembourg S.A and ING Commercial Banking.
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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has 55,000 employees and generated sales exceeding 10.4 billion euros in 2009. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.1 billion euros in 2009. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.
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