MBWS (MBW): MBWS refinances its senior debt with a new syndicated credit facility of €77.5m - raport 17

Raport bieżący nr 17/2017

Podstawa Prawna: Inne uregulowania
Ivry-sur-Seine, 31 July 2017

MBWS refinances its senior debt with a new syndicated credit facility of €77.5m

MBWS (Euronext Paris : MBWS) has refinanced its senior debt of €62.5m (in place since May 2016) with a new syndicated credit facility of €77.5m, maturing in July 2022.

The syndicated credit facility, which will be held at the corporate level of the MBWS Group, is comprised of: a term loan in the amount of €45m, used to refinance the previous outstanding balance of the 2016 senior debt; and a revolving credit facility in the amount of €32.5m which will be used to finance the company’s general operating needs and possible external growth.

The refinancing of the company’s debt strengthens the Group’s financial agility as the syndicated credit facility lengthens the maturity of long-term debt to 4.3 years, and provides a more flexible framework for some of the conditions, such as the bank covenants, in addition to reducing financial costs. Moreover, this refinancing demonstrates the confidence the French banking community has in MBWS and the company’s growth prospects.

This syndicated credit facility was subscribed by a syndicate of banks comprised of CIC Lyonnaise de Banque, Le Crédit Lyonnais, Natixis, Société Générale, and Crédit Agricole Ile de France. The syndicate was advised by the law firm of Hogan Lovells. For this transaction, MBWS was advised by Redbridge Debt & Treasury Advisory and by the law firm of De Pardieu Broca Maffei.

About Marie Brizard Wine & Spirits (MBWS)

Marie Brizard Wine & Spirits produces and sells a range of wine and spirits primarily in Europe and the United States. MBWS has distinguished itself for its know-how, the range of its brands, and a long tradition and history of innovation. From the inception of Maison Marie Brizard in Bordeaux, France in the year 1755, to the launch of Fruits and Wine in 2010, Marie Brizard Wine & Spirits has successfully developed and adapted its brands to make them contemporary while respecting their origins. MBWS is committed to providing value by offering its customers bold, trustworthy, flavorful and experiential brands. The company currently has a broad portfolio of leading brands in their respective market segments, most notably William Peel scotch whisky, Sobieski vodka, Fruits & Wine flavored wine and Marie Brizard liqueurs. Marie Brizard Wine & Spirits is listed on the regulated market of Euronext Paris, Compartment B (ISIN code FR0000060873, ticker MBWS) and is included in the EnterNext© PEA-PME 150 index, among others.

Press: Stéphane Pedrazzi stephane.pedrazzi@mbws.com

Tel: +33 1 76 28 40 71

Investors:

Raquel Lizarraga

raquel.lizarraga@mbws.com

Tel: +33 1 43 91 50 18

Simon Zaks, Image Sept

szaks@image7.fr

Tel: +33 1 53 70 74 63

Załączniki