from Dufry International AG (isin : CH0023405456)
Avolta successfully refinances its main bank facility
Avolta AG / Key word(s): Miscellaneous
Avolta successfully refinances its main bank facility
24.10.2024 / 06:30 CET/CEST
Avolta has successfully amended and extended its existing Revolving Credit Facility (RCF). The amended EUR 2,400 million RCF with maturity in 2029 replaces the EUR 2,750 million RCF expiring in 2027.
The amended facility contributes positively to Avolta’s well-balanced debt profile and provides additional benefits, including:
- Reduction of interest expenses of approximately CHF 10 million per annum due to renegotiated margin levels
- Extended maturity profile with the amended facility expiring in December 2029, a weighted average maturity of 4.1 years and no material debt maturities before 2026
- Current available liquidity position of around CHF 2.1 billion
Commenting on the deal, Avolta CFO Yves Gerster said: "We are very pleased to complete this well over-subscribed refinancing, providing us with greater flexibility and more favorable terms to support our ongoing operational strategies."
Maturity Profile
Note: 1) Post RCF refinancing (reduction of EUR 350m)
2) Reflects full repayment of remainder of EUR 800m Bond (repaid EUR 393m per mid-October)
For further information:
CONTACT
Investor Relations Director Corporate
Communications Phone : +44 7543 800 405 Phone : +41 79 288 09 36 rebecca.mcclellan@avolta.net cathy.jongens@avolta.net
End of Media Release
Language: | English |
Company: | Avolta AG |
Brunngässlein 12 | |
4010 Basel | |
Switzerland | |
Phone: | +41612664444 |
E-mail: | Headoffice@dufry.com |
Internet: | https://www.avoltaworld.com/ |
ISIN: | CH0023405456 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 2014861 |
End of News | EQS News Service |
2014861 24.10.2024 CET/CEST