Information Technology
Quadient strengthens its financial position with a USD50 million bank loan from Bank of America
Paris, December 20, 2024
(Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces a USD50 million bank loan from Bank of America. This new credit facility, which comes with a 3-year maturity at a variable rate, strengthens Quadient's financial position ahead of debt maturities due in 2025.
Since the beginning of the year and including this transaction, Quadient has successfully raised the equivalent of €230 million through various financial instruments, including a and term loans, all contributing towards the repayment of existing credit lines maturing in 2025, notably a bond issue with an outstanding amount of €260 million, bearing a 2.25% coupon and a €29 million tranche.
This new bank loan is subject to compliance with Quadient's main financial covenants currently in place, notably a leverage ratio excluding leasing operations below 3.0x and Group shareholders' equity greater than €600 million. As of 31 July 2024, Quadient's leverage ratio excluding leasing stood at 1.6x and Group's shareholders' equity at €1,064 million.
Laurent du Passage, Chief Financial Officer of Quadient, commented: “
Quadient is a global automation platform provider powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing.
For more information about Quadient, visit https://invest.quadient.com/en/
Attachment
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti