Coface SA : COFACE SA signs €700m syndicated loan agreement

Paris, 4 August 2017 - 5:45pm

COFACE SA signs €700m syndicated loan agreement

As part of the refinancing of its factoring activities, Coface SA signed an agreement with a group of banking partners for a €700 million syndicated euro loan on 28 July 2017. This syndicated loan replaces existing bilateral credit lines.

The Group is supported by six banking partners: Natixis, Société Générale, BNPParibas, Crédit Agricole CIB, acting as Mandated Lead Arrangers and Bookrunners, HSBC and BRED acting as Mandated Lead Arrangers. Natixis is acting as Documentation Agent and Société Générale as Facility Agent.

The loan is put in place for three years, with an option to extend its duration by one year, exercisable twice, subject to the banks' agreement.

This operation enables the Group to increase its financial flexibility and to extend the maturity of its refinancing debt, whilst benefiting from current favorable market conditions and strengthening its relationships with its leading banks, who thus confirm their commitment to Coface over the mid-term.

Carine Pichon, Chief Financial & Risk Officer, commented:

« We are pleased to implement a syndicated loan agreement which builds on and strengthens the quality of our relationships with our leading banking partners. By simplifying its structure and prolonging the average maturity of our debt, this loan agreement is fully aligned with the objectives of our strategic plan, Fit to Win. »

FINANCIAL CALENDAR 2017 (subject to change)
9M-2017 results: 25 October 2017, after market close

FINANCIAL INFORMATION
This press release, as well as Coface SA's integral regulatory information, can be found on the Group's website: http://www.coface.com/Investors

For regulated information on Alternative Performance Measures (APM),
please refer to our interim financial report for the first half 2017 and 2016 Registration document.

DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to the section 2.4 "Report from the Chairman of the Board of Directors on corporate governance, internal control and risk management procedures" as well as chapter 5 "Main risk factors and their management within the Group" of the Coface Group's 2016 Registration Document filed with AMF on 12 April 2017 under the number No. R.17-016 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.