Rémy Cointreau Strengthens Its Financial Flexibility to Support Implementation of Its Long-term Growth Strategy

Rhea-AI Summary

Rémy Cointreau S.A. has secured an €80 million loan from Crédit Agricole d’Ile-de-France. This 7-year loan carries a fixed interest rate of 0.60% and aims to optimize the company’s financial structure while extending its debt maturity. This move reflects Rémy Cointreau's financial strength, as rated Baa3 by Moody's, and is expected to enhance its balance sheet and provide flexibility for long-term growth strategies. The Group continues to focus on its ambition to lead the market in exceptional spirits.

Positive

• Secured an €80 million loan at a favorable fixed interest rate of 0.60%.
• Loan maturity extends to 7 years, providing flexibility for long-term strategies.
• Enhances financial structure and reduces average funding costs.
• Reflects strong financial position, as indicated by Baa3 rating from Moody's.

Negative

• None.

Group takes out an €80 million loan

PARIS--(BUSINESS WIRE)-- Regulatory News:

As part of the ongoing optimisation of its financial structure, Rémy Cointreau S.A. (hereinafter “Rémy Cointreau”) (Paris:RCO) is today announcing that it has taken out an €80 million loan with Crédit Agricole d’Ile-de-France.

The loan bears interest at a fixed rate of 0.60% per annum and offers a maturity of seven years, in keeping with the Group’s desire to back its long-dated assets with appropriate financial resources. Rémy Cointreau is thus extending the maturity of its debt and continuing to gradually reduce its average cost of funding.

This new financing, taken out at favourable terms, reflects the quality and financial strength of Rémy Cointreau (rated Baa3 by Moody’s). It enables the Group to strengthen its balance sheet structure by providing it with greater flexibility in implementing its long-term growth strategy.

About Rémy Cointreau

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavours. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and Louis XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,850 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.

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Celia d’Everlange: +33 (0)6 03 65 46 78

Source: Rémy Cointreau

FAQ

What is the significance of Rémy Cointreau's €80 million loan?

The loan allows Rémy Cointreau to optimize its financial structure and extend debt maturity, providing flexibility for long-term growth.

What are the terms of the €80 million loan taken by Rémy Cointreau?

The loan has a fixed interest rate of 0.60% and a maturity of seven years.

How does the loan affect Rémy Cointreau's financial strategy?

It helps reduce the average cost of funding and strengthens the balance sheet for better long-term strategy implementation.

What rating does Rémy Cointreau hold, indicating its financial strength?

Rémy Cointreau is rated Baa3 by Moody's.

Who provided the €80 million loan to Rémy Cointreau?

The loan was provided by Crédit Agricole d’Ile-de-France.