Global Blue Announces Repricing of Term Loan and Revolving Credit Facility
Global Blue Group Holding AG announced successful repricing of its €610 million Term Loan and €97.5 million Revolving Credit Facility. The company reported strong financial performance in H1 FY2024/25, with double-digit growth in revenue and profitability, alongside robust cash flow generation. Net leverage decreased from 3.4x to 2.9x between June and September 2024, moving towards the company's long-term target of less than 2.5x.
Upon closing, expected by December 31, 2024, the interest rate margin will reduce by 50 basis points from 3.75% to 3.25% per annum. Over the past twelve months, Global Blue has achieved significant improvements, reducing net leverage by approximately 2x to 2.9x and the Term Loan margin by 175 basis points to 3.25% p.a.
Global Blue Group Holding AG ha annunciato una riuscita ristrutturazione del suo prestito a termine di €610 milioni e della sua linea di credito revolving di €97,5 milioni. L'azienda ha registrato una performance finanziaria robusta nel primo semestre dell'anno fiscale 2024/25, con una crescita a due cifre sia nel fatturato che nella redditività, accompagnata da una solida generazione di flusso di cassa. Il leverage netto è diminuito da 3,4x a 2,9x tra giugno e settembre 2024, avvicinandosi all'obiettivo a lungo termine dell'azienda di meno di 2,5x.
Alla chiusura, prevista entro il 31 dicembre 2024, il margine di tasso d'interesse verrà ridotto di 50 punti base dal 3,75% al 3,25% annuo. Negli ultimi dodici mesi, Global Blue ha conseguido miglioramenti significativi, riducendo il leverage netto di circa 2 volte a 2,9x e il margine del prestito a termine di 175 punti base al 3,25% p.a.
Global Blue Group Holding AG anunció una exitosa reestructuración de su préstamo a plazo de €610 millones y de su línea de crédito rotativo de €97.5 millones. La empresa reportó un sólido desempeño financiero en el primer semestre del año fiscal 2024/25, con un crecimiento de dos dígitos en ingresos y rentabilidad, junto con una robusta generación de flujo de efectivo. El apalancamiento neto disminuyó de 3.4x a 2.9x entre junio y septiembre de 2024, acercándose al objetivo a largo plazo de la empresa de menos de 2.5x.
Al cierre, previsto para el 31 de diciembre de 2024, el margen de tasa de interés se reducirá en 50 puntos básicos del 3.75% al 3.25% anual. En los últimos doce meses, Global Blue ha logrado mejoras significativas, reduciendo el apalancamiento neto aproximadamente 2 veces a 2.9x y el margen del préstamo a plazo en 175 puntos básicos al 3.25% p.a.
Global Blue Group Holding AG는 6억 1,000만 유로 규모의 기한부 대출과 9,750만 유로 규모의 회전 신용 시설에 대한 성공적인 재가격 책정을 발표했습니다. 이 회사는 2024/25 회계연도 상반기 동안 수익 및 수익성에서 두 자릿수 성장을 기록하며 강력한 재무 성과를 보고했으며, 견고한 현금 흐름을 창출했습니다. 순 레버리지는 2024년 6월과 9월 사이에 3.4배에서 2.9배로 감소했습니다라며, 이는 회사의 장기 목표인 2.5배 미만에 더 가까워지고 있습니다.
2024년 12월 31일까지 예상되는 마감 시점에 금리 마진은 연간 3.75%에서 3.25%로 50 베이시스 포인트 줄어들 것입니다. 지난 12개월 동안 Global Blue는 순 레버리지를 약 2배에서 2.9배로 줄이고, 기한부 대출 마진을 연 3.25%로 175 베이시스 포인트 낮추는 중요한 개선사항을 달성했습니다.
Global Blue Group Holding AG a annoncé un réajustement réussi de son prêt à terme de 610 millions d'euros et de sa ligne de crédit renouvelable de 97,5 millions d'euros. L'entreprise a rapporté une forte performance financière au premier semestre de l'exercice 2024/25, avec une croissance à deux chiffres des revenus et de la rentabilité, tout en générant un flux de trésorerie robuste. L'endettement net a diminué de 3,4x à 2,9x entre juin et septembre 2024, se rapprochant de l'objectif à long terme de l'entreprise de moins de 2,5x.
À la clôture prévue pour le 31 décembre 2024, la marge de taux d'intérêt sera réduite de 50 points de base, passant de 3,75 % à 3,25 % par an. Au cours des douze derniers mois, Global Blue a réalisé des améliorations significatives, réduisant l'endettement net d'environ 2x à 2,9x et la marge du prêt à terme de 175 points de base à 3,25 % p.a.
Global Blue Group Holding AG hat eine erfolgreiche Neustrukturierung seines 610 Millionen Euro schweren Terminkredits und der 97,5 Millionen Euro schweren revolvierenden Kreditlinie bekannt gegeben. Das Unternehmen berichtete über eine starke finanzielle Leistung im ersten Halbjahr des Geschäftsjahres 2024/25, mit zweistelligem Wachstum bei Umsatz und Rentabilität sowie einer robusten Cashflow-Generierung. Die Nettoverbindlichkeiten sanken von 3,4x auf 2,9x zwischen Juni und September 2024 und bewegen sich somit in Richtung des langfristigen Ziels des Unternehmens von weniger als 2,5x.
Bei Abschluss, der bis zum 31. Dezember 2024 erwartet wird, wird die Zinsmarge um 50 Basispunkte von 3,75 % auf 3,25 % pro Jahr gesenkt. In den letzten zwölf Monaten hat Global Blue signifikante Verbesserungen erzielt und die Nettoverbindlichkeiten um etwa das 2-fache auf 2,9x und die Marge des Terminkredits um 175 Basispunkte auf 3,25 % p.a. gesenkt.
- Double-digit growth in revenue and profitability in H1 FY2024/25
- Net leverage reduction from 3.4x to 2.9x in Q3 2024
- Interest rate margin reduction by 50 basis points to 3.25%
- Strong cash flow generation reported
- None.
Insights
SIGNY,
The Company today announced that its subsidiary Global Blue Acquisition B.V. (the “Borrower”) has successfully allocated the repricing of the Term Loan and Revolving Facility. The repricing is expected to close on or prior to December 31, 2024. Upon closing, the interest rate margin applicable to the Borrower under the Term Loan will reduce by 50 basis points from
Over the last twelve months, Global Blue has achieved a significant reduction in both net leverage and interest rate margin – reducing net leverage by approximately 2x to 2.9x and the Term Loan margin by 175 basis points to
ABOUT GLOBAL BLUE
Global Blue is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance.
With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions.
With over 2,000 employees, Global Blue generated
For more information, please visit www.globalblue.com
Source: Global Blue
View source version on businesswire.com: https://www.businesswire.com/news/home/20241209338278/en/
FOR FURTHER INFORMATION
Frances Gibbons – Head of Investor Relations
Mob: +44 (0)7815 034 212
Mail: fgibbons@globalblue.com
Source: Global Blue
FAQ
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