Nexans announced the early full redemptions of the EUR 280 million French State backed loan as of February 25, 2021 and the EUR 250 million senior unsecured at 3.25% fixed rate bond issued on May 26, 2016 and due on May 26, 2021 as of March 10, 2021. On June 11, 2020, Nexans announced the execution of a French State backed €280 million term loan issued by a pool of French banks with a twelve-month maturity and an extension option, up to five years, exercisable by Nexans. The French state is guaranteeing the Facility at 80%.