Cegedim: New financing structure for €200m
October 09 2018 - 12:01PM
Financial information IFRS - Regulated information
Cegedim: New financing structure for €200m
- Euro PP bond issue of €135m
- Syndicated loan of €65m
Disclaimer: This press release is available in French and in
English. In the event of any difference between the two versions,
the original French version takes precedence. This press release
may contain inside information. It was sent to Cegedim's authorized
distributor on October 9, 2018, no earlier than 5:45
pm Paris time. |
Boulogne-Billancourt, France, October 9, 2018
after the market close
Cegedim announces the setting up of a new
financing structure for a total amount of €200m, consisting of a
€135m Euro PP bond issue with a maturity of 7 years, and a €65m
syndicated loan with a tenor of 5 years plus one year extension
option.
The €135m Euro Private Placement, arranged by
ODDO BHF, allows Cegedim to extend its debt maturity profile and
diversify its financing sources. Proceeds from the bond issue,
maturing in October 2025, were used to refinance the existing
syndicated loan. This transaction is combined with a syndicated
loan of €65m maturing in October 2023 from the Group's
long-standing banks.
Jean-Claude Labrune, Chief Executive Officer of
Cegedim, welcomes the success of this transaction, which
demonstrates the Group's attractiveness to leading institutional
investors and strengthens its relationship with its historical
banks. "This transaction allows to optimize Cegedim's financial
structure, with proceeds from the bond issue enabling to refinance
all Group's debt with a long-term financing base."
Cegedim was advised by Linklaters, and Oddo BHF, arranger of the
Euro PP bond issue, was advised by White & Case.
About Cegedim: Founded in 1969, Cegedim is an innovative
technology and services company in the field of digital data flow
management for healthcare ecosystems and B2B, and a business
software publisher for healthcare and insurance professionals.
Cegedim employs more than 4,200 people in more than 10 countries
and generated revenue of €457 million in 2017. Cegedim SA is listed
in Paris (EURONEXT: CGM).To learn more, please visit:
www.cegedim.comAnd follow Cegedim on Twitter: @CegedimGroup,
LinkedIn and Facebook.. |
Aude
BalleydierCegedim Media Relations and Communications
ManagerTel.: +33 (0)1 49 09 68 81aude.balleydier@cegedim.com |
Jan Eryk
UmiastowskiCegedimChief Investment Officerand head of
Investor RelationsTel.: +33 (0)1 49 09 33
36janeryk.umiastowski@cegedim.com |
Marina RosoffFor
Madis Phileo Media RelationsTel: +33 (0)6 71 58
00 34marina@madisphileo.com |
Follow Cegedim:
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- Cegedim_Refinancing_102018_ENG.pdf
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