The 5 year facility, which includes two one-year extension options, will be used for early refinancing of two undrawn credit lines expiring in 2014 and 2015.
GDF SUEZ was able to seize particularly favorable market conditions, improving significantly the cost of this liquidity thanks to a fixed margin of 20 bps.
The transaction was 40% oversubscribed, showing once again the attractiveness of the Group and the trust granted by its banking partners. The pool of banks is well spread geographically, through the involvement of Eurozone banks (~50%), Anglo-Saxon banks (~35%), as well as Japanese and Chinese banks.
Isabelle KOCHER, Executive Vice-President, Chief Financial Officer, comments : This early refinancing enables the Group to maintain and extend an extremely robust liquidity while reducing its costs. Besides, the geographical diversity of our pool of banks will enable the Group to support its worldwide industrial growth strategy.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up todays major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 147,200 people worldwide and achieved revenues of 81,3 billion in 2013. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investor Relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.