D'Ieteren Group Provides Update On Financing Costs
Nov 4 (Reuters) -D'Ieteren Group SA IETB.BR:
RAISED EUR 1BN IN BANK LOANS
GROUP SEES A MID- TO HIGH- SINGLE-DIGIT GROWTH YOY IN ITS ADJUSTED PROFIT BEFORE TAX, GROUP’S SHARE
2 FLOATING RATE TRANCHES: €500M SENIOR SECURED BRIDGE LOAN AND €500M SENIOR SECURED TERM LOAN
HEDGES WILL BE PUT IN PLACE ON THE 5-Y TERM LOAN, AIMED AT REDUCING THE ASSOCIATED INTEREST RATE RISK
FINANCIAL CHARGES WILL BE MARGINAL FOR THE REMAINDER OF 2024
IMPACT OF THE ADDITIONAL FINANCIAL CHARGES AT BELRON IS EXPECTED TO BE €30M, GROUP’S SHARE
OUTLOOK ADJUSTED PROFIT BEFORE TAX EXCLUDES IMPACT OF INCREASED LEVERAGE AT BELRON AND DEBT AT GROUP LEVEL
Source text: nNDL9tzG0p
Further company coverage: IETB.BR
(Gdansk Newsroom)
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