Viridien Announces Issuance of Senior Secured Notes and Completion of Conditions for Redemption of Existing Notes
Viridien has successfully completed a significant debt refinancing operation on March 25, 2025. The company issued $450 million of 10% Senior Secured Notes due 2030 and €475 million of 8.5% Senior Secured Notes due 2030. Additionally, Viridien secured a $125 million super senior Revolving Credit Facility Agreement (RCF).
The new notes will be guaranteed on a senior secured basis by certain Viridien subsidiaries. The proceeds from this issuance, combined with available cash, will be used to redeem all existing senior secured notes due 2027, with the redemption scheduled for April 1, 2025.
Viridien ha completato con successo un'importante operazione di rifinanziamento del debito il 25 marzo 2025. L'azienda ha emesso 450 milioni di dollari di Note Senior Garantite al 10% con scadenza nel 2030 e 475 milioni di euro di Note Senior Garantite all'8,5% con scadenza nel 2030. Inoltre, Viridien ha ottenuto un Accordo di Credito Revolving Super Senior (RCF) di 125 milioni di dollari.
Le nuove note saranno garantite su base senior da alcune filiali di Viridien. I proventi di questa emissione, insieme alla liquidità disponibile, saranno utilizzati per rimborsare tutte le note senior garantite esistenti con scadenza nel 2027, con il rimborso previsto per il 1 aprile 2025.
Viridien ha completado con éxito una importante operación de refinanciamiento de deuda el 25 de marzo de 2025. La empresa emitió 450 millones de dólares en Notas Senior Aseguradas al 10% con vencimiento en 2030 y 475 millones de euros en Notas Senior Aseguradas al 8,5% con vencimiento en 2030. Además, Viridien aseguró un Acuerdo de Línea de Crédito Revolvente Super Senior (RCF) de 125 millones de dólares.
Las nuevas notas estarán garantizadas de manera senior por ciertas filiales de Viridien. Los ingresos de esta emisión, combinados con el efectivo disponible, se utilizarán para redimir todas las notas senior aseguradas existentes con vencimiento en 2027, con la redención programada para el 1 de abril de 2025.
Viridien은 2025년 3월 25일에 중요한 부채 재융자 작업을 성공적으로 완료했습니다. 이 회사는 2030년 만기 10%의 선순위 담보 노트 4억 5천만 달러와 2030년 만기 8.5%의 선순위 담보 노트 4억 7천5백만 유로를 발행했습니다. 또한, Viridien은 1억 2천5백만 달러의 슈퍼 시니어 회전 신용 시설 계약(RCF)을 확보했습니다.
새로운 노트는 Viridien의 특정 자회사가 선순위 담보로 보증할 것입니다. 이 발행에서 발생한 수익은 사용 가능한 현금과 결합되어 2027년 만기 기존 선순위 담보 노트를 모두 상환하는 데 사용될 예정이며, 상환은 2025년 4월 1일로 예정되어 있습니다.
Viridien a réussi à réaliser une opération significative de refinancement de dette le 25 mars 2025. L'entreprise a émis 450 millions de dollars d'Obligations Senior Sécurisées à 10% arrivant à échéance en 2030 et 475 millions d'euros d'Obligations Senior Sécurisées à 8,5% arrivant à échéance en 2030. De plus, Viridien a sécurisé un Accord de Crédit Revolving Super Senior (RCF) de 125 millions de dollars.
Les nouvelles obligations seront garanties de manière senior par certaines filiales de Viridien. Les produits de cette émission, combinés aux liquidités disponibles, seront utilisés pour racheter toutes les obligations senior sécurisées existantes arrivant à échéance en 2027, le rachat étant prévu pour le 1er avril 2025.
Viridien hat am 25. März 2025 erfolgreich eine bedeutende Schuldenrefinanzierungsoperation abgeschlossen. Das Unternehmen hat 450 Millionen Dollar an 10% Senior Secured Notes mit Fälligkeit 2030 und 475 Millionen Euro an 8,5% Senior Secured Notes mit Fälligkeit 2030 ausgegeben. Darüber hinaus sicherte sich Viridien ein 125 Millionen Dollar Super Senior Revolving Credit Facility Agreement (RCF).
Die neuen Anleihen werden von bestimmten Tochtergesellschaften von Viridien auf einer senior gesicherten Basis garantiert. Die Erlöse aus dieser Emission, zusammen mit verfügbaren liquiden Mitteln, werden verwendet, um alle bestehenden Senior Secured Notes mit Fälligkeit 2027 zurückzukaufen, wobei die Rückzahlung für den 1. April 2025 geplant ist.
- Successful refinancing of debt extends maturity from 2027 to 2030
- Secured additional liquidity through $125M revolving credit facility
- Higher interest rates on new notes (10% USD, 8.5% EUR) may increase interest expenses
- Additional cash required from company reserves to complete the refinancing
Paris, France – March 25, 2025
On March 25, 2025, Viridien successfully settled its issuance of
Viridien also entered into a
The issuance of the Notes was a condition to the redemption by Viridien of all its senior secured notes due 2027 (the “Existing Notes”). That condition has now been satisfied.
The net proceeds from the issuance have been used, together with cash on hand, to satisfy and discharge today and subsequently redeem on April 1, 2025 in full the Existing Notes and to pay all fees and expenses in connection with the foregoing.
About Viridien
Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).
Contacts
| Investor Relations Jean-Baptiste Roussille Tel: + 33 6 14 51 09 88 E-Mail: jean-baptiste.roussille@viridiengroup.com | | |
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FAQ
What is the total value of Viridien's new senior secured notes issued in March 2025?
What are the interest rates on Viridien's new 2030 senior secured notes?
When will Viridien redeem its existing 2027 senior secured notes?
What is the size of Viridien's new Revolving Credit Facility (RCF)?
