Belron Launches Syndication Of EUR 800M Equivalent Loan

April 03, 2023 04:59 PM AEST | By Reuters
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April 3 (Reuters) - D'Ieteren Group NV:

* BELRON LAUNCHES A SYNDICATION OF NEW LOAN FOR EUR 800M EQUIVALENT

* LOAN ISSUANCE IS EXPECTED TO HAVE AN APRIL 2029 MATURITY

* PROCEEDS OF DEBT ISSUANCE, TOGETHER WITH C.EUR 300M AVAILABLE LIQUIDITY WILL BE UPSTREAMED TO SHAREHOLDERS OF BELRON

* UPSTREAMED CASH THAT D'IETEREN GROUP WOULD RECEIVE FROM BELRON FOLLOWING THIS TRANSACTION WOULD ALLOW IT TO PURSUE ITS LONG-TERM STRATEG Source text: https://bit.ly/43dqqTZ Further company coverage: (Gdansk Newsroom)


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