Rexel refinances its credit senior facility
Rexel announced today that it has refinanced its previous senior credit facility with a new € 1.1bn senior credit facility.
About the new senior credit facility
Rexel has refinanced its €1,700,000,000 existing revolving credit facilities agreement dated 17 December 2009 as amended on 21 April 2011 by entering on 15 March 2013 into a new revolving credit facility agreement (the “Senior Facility Agreement”) with Crédit Agricole Corporate and Investment Bank (also acting as Documentation Agent, Facility Agent and Swingline Agent), BNP Paribas, Crédit Industriel et Commercial, HSBC France, ING Bank S.A., Succursale en France, Natixis and Société Générale Corporate & Investment Banking as Mandated Lead Arrangers and Bookrunners.
The Senior Facility Agreement consists of a five-year multicurrency revolving credit facility for an aggregate maximum amount of €1.1 billion which can also be drawn down through swingline loans for an aggregate amount of up to €165 million.
Rexel is the sole borrower under the Senior Facility Agreement. No guarantee or security has been granted by any member of the Group under the Senior Facility Agreement.