Extension of credit facility
October 28 2008 - 1:09PM
UK Regulatory
RNS Number : 8860G
Compagnie de Saint-Gobain
28 October 2008
October 28, 2008
Extension until October 2010 of the credit facility for the acquisition of Maxit (2 billion euros)
Compagnie de Saint-Gobain signed today with a syndicate of banks an amendment to the credit facility agreement of October 2007 for the
acquisition of the Maxit group. This concludes the discussions mentioned on October 22 in the press release on the Group's sales for the
first 9 months of 2008.
Under this amendment Saint-Gobain has the right to extend the final maturity of the credit facility, in an amount of 2,040 million
euros, from October 2009 to October 2010. The credit margins on the facility have been revised in view of the evolution of the market; on
the signing date of the amendment, based on the three months Euribor rate of today at 4.86%, the initial interest rate for this facility is
equal to 5.86%.
This amendment enables the Group to increase its financial flexibility.
Analyst/Investor relations Press
relations
Florence Triou-Teixeira +33 1 47 Sophie Chevallon
62 45 19 +33 1 47 62 30 48
Etienne Humbert +33 1
47 62 30 49
Vivien Dardel
+33 1 47 62 44 29
This information is provided by RNS
The company news service from the London Stock Exchange
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