PARIS, December 7, 2012 /PRNewswire/ --
Compagnie de Saint-Gobain signed today, with a group of 28
banks*, a revolving credit facility for an amount of Euro 1.5 billion, maturing in December 2017.
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed
with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to
increase the size of the facility to Euro
1.5 billion and underlines renewed banks' confidence in the
credit quality of Saint-Gobain.
The initial margin for the facility is set at 85 basis points,
based on Saint-Gobain's long-term senior debt being currently rated
BBB by Standard & Poor's and Baa2 by Moody's.
This credit facility is replacing a Euro
1 billion facility which was due to mature in June 2013 and allows to reduce from Euro 3 billion to Euro 2.5 billion another
facility maturing in December 2015.
This operation reinforces the group's strong liquidity for the next
5 years as all of these lines are undrawn.
* ANZ, Banco Santander, Bank of
Tokyo-Mitsubishi UFJ, BBVA, BNP Paribas, Citi, Commerzbank, Crédit
Agricole Corporate and Investment Bank, Crédit Mutuel - CIC, HSBC,
Intesa Sanpaolo, JP Morgan, Mizuho, Natixis, Royal Bank of
Scotland, Société Générale
Corporate and Investment Banking and Unicredit are Mandated Lead
Arrangers and Bookrunners. Bank of America Merrill Lynch, Barclays,
Credit Suisse, Danske Bank, Goldman Sachs, ING, Lloyds, Morgan
Stanley, SMBC, Toronto Dominion and UBS are Mandated Lead
Arrangers. Crédit Agricole Corporate and Investment Bank is
Facility Agent.
Saint-Gobain, the world leader in the habitat and
construction markets, designs, manufactures and distributes
building materials, providing innovative solutions to the
challenges of growth, energy efficiency and environmental
protection. With 2011 sales of more than €42 billion,
Saint-Gobain operates in 64 countries and has nearly 195,000
employees. For more information about Saint-Gobain,
visit http://www.saint-gobain.com.
Analyst/Investor relations
Florence TRIOU-TEIXEIRA +33-1-47-62-45-19
Vivien
DARDEL +33-1-47-62-44-29
Alexandra BAUBIGEAT +33-1-47-62
30-93
Press relations
Sophie
CHEVALLON
+33-1-47-62-30-48
Susanne TRABITZSCH
+33-1-47-62-43-25
SOURCE Saint-Gobain