Faurecia: raises liquidity with rivate placement
(CercleFinance.com) - Faurecia has announced that it has successfully placed an additional bond issue maturing in 2027 through a private placement amounting to 190 million euros (yield to maturity of 2.
25%).
This transaction is part of the Group's financial strategy, which aims to reinforce its liquidity, permanently optimise its long-term debt profile by maintaining an average maturity of over 5 years, in addition to limiting its cost, which is currently around 2.80%.
At 31 December 2020, the group had a liquidity of over 3 billion euros, plus a fully available syndicated credit line of 1.2 billion euros maturing in June 2024.
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