Quadient: signature of a $50 million bank loan

(CercleFinance.com) - Quadient announces the signature of a US$50 million bank loan with Bank of America.


This new 3-year variable-rate credit facility strengthens Quadient's financial position in anticipation of debt maturities expected in 2025.

Since the beginning of the year and including this transaction, Quadient has successfully raised the equivalent of 230 million euros via several financial instruments, including a Schuldschein and various term loans, each contributing to the repayment of existing credit lines maturing in 2025, notably a bond issue with an outstanding amount of 260 million euros, with a coupon of 2.25%, and a Schuldschein tranche of 29 million euros.

Copyright (c) 2024 CercleFinance.com. All rights reserved.