Rémy Cointreau Signs Agreement to Amend and Extend Its €255M Revolving Facility

Regulatory News:

On 11 April 2014, Rémy Cointreau S.A. (“Rémy Cointreau”) (Paris:RCO), whose senior debt is rated Baa3 by Moody’s, and BBB- by Standard & Poor’s and Fitch, signed an amendment and an extension to its revolving facility with a pool of ten banks.

This €255m transaction provides the Group with more favourable financing terms, which reflect the credit-worthiness and financial strength of Rémy Cointreau.

The borrowing cost is now Euribor plus 100 bps, compared with the previous one at 195 bps.

In addition, the new maturity of this facility has been extended until April 2019 for a total of five years as from the signature date.

Société Générale Corporate & Investment Banking was mandated by Rémy Cointreau to arrange the transaction. BNP Paribas remains the facility agent.