on CARREFOUR (EPA:CA)
Carrefour Secures New €4 Billion Revolving Credit Facility
Carrefour has successfully renewed and expanded its revolving credit facilities, merging them into a single line worth €4 billion. This refinancing incorporates two key performance indicators focused on decarbonization and food waste reduction. The facility is supported by a syndicate of 22 banks, expanding from the previous 21.
The new credit line is set to mature in November 2029, with options for two one-year extensions. Designed as a backup, this credit line is not planned for active drawing. The operation was significantly oversubscribed, indicating strong confidence from banks in Carrefour's creditworthiness and solid banking relationships.
This move aligns with Carrefour’s strategy to secure long-term financing, maintaining its position as a reliable market player.
R. E.
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