from CHARGEURS (EPA:CRI)
CHARGEURS - Chargeurs confirms the strength of its financial signature
PRESS RELEASE
Paris, December 12, 2024
Chargeurs confirms the strength of its financial signature:
securing €75 million syndicated loan agreement with three major banking groups
• Chargeurs announces the signing of a €75 million syndicated loan agreement with three leading
French banking institutions, partners of the Chargeurs group: BNP Paribas, Crédit Agricole CIB and Groupe BPCE
• The financing, which is Sustainability-Linked and offers competitive financial terms, benefits from an extended maturity period of 5 to 6 years, and flexible documentation, tailored to Chargeurs' value creation trajectory, which will be presented in the 2025-2030 strategic plan
• This new bank financing reflects the long-term confidence of the Group's banking partners and their commitment to supporting Chargeurs in the transformation of its businesses, aimed at increasing the value of all its assets.
Michaël Fribourg, Chief Executive Officer of Chargeurs group, stated: “With this remarkable success, Chargeurs continues to evolve its economic and financial model by aligning its financing profile —in terms of amount, conditions, and maturity — with its long-term asset management strategy. The financial partners involved in this new syndicated loan confirm their strategic commitment to supporting us as part of the 20252030 plan currently being prepared. This next-generation financing, which reflects our partners' strong confidence in our financial discipline and the very high quality of our assets, provides an attractive benchmark for future Group financings. Chargeurs is positioning itself for a new cycle of value creation across its businesses and for all its shareholders.”
A €75 million syndicated loan with competitive financial terms
The Group has signed a major financing of 75 million euros from leading French financial partners: BNP Paribas, Crédit Agricole CIB and, within Groupe BPCE, Caisse d'Epargne d'Ile-de-France and Banque Palatine. These financial institutions have reiterated their confidence in Chargeurs and its new shareholder structure. With their support, the Group will be able to focus its resources on implementing its strategic plan.
This bank financing comes is not subject to any levrage covenant and requires compliance with a Gearing ratio ≤ 1.2x, all with a competitive margin grid. It is Sustainability-Linked, on the basis of annual targets that will be defined with the banks in the coming months, demonstrating once again Chargeurs' strong commitment to Corporate Social Responsibility (CSR).
This operation allows Chargeurs, which is simultaneously adjusting its liquidity profile to its needs, to increase the average duration of its financings, from 2.3 years as of June 30, 2024, to 3.2 years as of December 31, 2024, while optimizing the repayment schedule of its maturities.
In the context of lowering interest rates in Europe, the Group, which is thus increasing the share of its variablerate financings, simultaneously hedges its applicable market rates and anticipates a significant reduction in its financial expenses starting in 2025.
Financial Communications // +33 (0)1 47 04 13 40 // comfin@chargeurs.com 1 www.chargeurs.com
PRESS RELEASE
Paris, December 12, 2024
2025 Financial Calendar
Thursday, February 13, 2025 (before market opens) 2024 Annual Results
ABOUT CHARGEURS
CHARGEURS is a diversified international holding company, world leader in high value added niche industrial and service markets. Active in nearly 100 countries with around 2,500 employees, the Group relies on the long-term commitment of Groupe
Familial Fribourg, an invested and committed controlling shareholder, and on its portfolio of assets organized into two stratbusiness segments: Technologies and Luxury. Chargeurs, whose global signature is High Emotion Technology, achieved egic revenues of €653.2 million in 2023.
The Chargeurs share is listed on Euronext Paris and is PEA-PME eligible.
ISIN Code: FR0000130692, Bloomberg Code: CRI:FP, Reuters Code: CRIP.PA
Financial Communications // +33 (0)1 47 04 13 40 // comfin@chargeurs.com 2 www.chargeurs.com