New syndicated loan of 1,700 €m complements our existing credit lines
Financing structure
2,680 €m | ||||
Tranche B | ||||
1,700 €m | ||||
o/w | ||||
1,360 €m KfW | ||||
340 €m Partner banks | ||||
980 €m | ||||
Bilateral loans (committed) | Tranche C | |||
430 €m | 355 €m | |||
Syndicated loan | Tranche A | |||
550 €m | 625 €m | |||
Old financing structure | New financing structure |
11-year extension option at KfW's discretion. 2Automatically extends by one year if tranche B is extended.
New syndicated loan complements existing committed credit facilities of 980 €m
Existing bilateral loans and syndicated loan will be rolled into Tranche A and C
One condition is that CECONOMY suspends dividend payments for the duration of Tranche B
Maturities: | |
Tranche B | December 20211 |
Tranche C | June 20222 |
Tranche A | January 2024 |
Overview of New Financing Structure | Public | Date: 12 May 2020 | // 1 |
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CECONOMY AG published this content on 12 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2020 10:14:11 UTC