Vicat: Successfully Completed Financing Operation

Rhea-AI Summary

On November 15, 2021, Vicat Group signed a €250 million financing agreement via a Private Placement with US investors. The agreement includes two tranches: €100 million with a 10-year maturity at 1.27% fixed rate, and €150 million with a 15-year maturity at 1.57% fixed rate. This financing enhances liquidity, extends debt maturity, and lowers the average debt ratio from 2.82% to 2.23% (pro forma excluding IFRS16 debt). Investors can expect full-year results on February 15, 2022.

Positive

• Secured €250 million financing, enhancing liquidity.
• Lowered average debt ratio to 2.23%, improving financial health.
• Extended debt maturity with favorable fixed rates (1.27% and 1.57%).

Negative

• None.

L'ISLE D'ABEAU, France--(BUSINESS WIRE)-- Regulatory News:

On 15^th November 2021 last, the Vicat Group (Paris:VCT) signed a €250 million financing agreement, taking the form of a Private Placement with leading US investors (USPP).

This financing agreement consists of two tranches:

- The first, for an amount of €100 million, with a maturity of 10 years, at a fixed rate of 1.27%;

- The second for €150 million, with a maturity of 15 years, at a fixed rate of 1.57%.

This financing operation will enable the Group to strengthen the liquidity of its balance sheet, extend the overall maturity of its debt, and reduce the Group's average debt ratio (2.23% compared to 2.82% previously, on a pro forma basis excluding IFRS16 debt).

Next publication date:

2021 full-year results on 15^th February 2022 after markets close.

About Vicat group:

The Vicat Group employs over 9,000 employees and generated consolidated sales of €2.805 billion in 2020, coming from its production businesses in, Cement, Concrete & Aggregates and Other Products & Services. The Group operates in twelve countries: France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. Some 64% of its sales are generated outside France. The Vicat Group, a family business, is the heir to an industrial tradition dating back to 1817, when Louis Vicat invented artificial cement. Founded in 1853, the Vicat Group now operates three core lines of business: Cement, Ready-Mixed Concrete and Aggregates, as well as other activities related to these core businesses.

About the Louis Vicat Foundation:

Created in 2017 for the bicentenary of the invention of artificial cement, the Foundation has set itself the following objectives: the promotion of scientific and technical culture, the preservation and enhancement of heritage, education and solidarity. In this respect, in 2020 the Foundation carried out a series of inclusive projects for the benefit of people with disabilities and under-employed populations. The year 2021 will be the year of women.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005902/en/

Investor Relations Contact:

Stéphane Bisseuil:

Tel. + 33 1 58 86 86 05

stephane.bisseuil@vicat.fr

Press Contacts:

Marie-Raphaëlle Robinne

Tel. +33 4 74 27 58 04

marie-raphaelle.robinne@vicat.fr

Source: Vicat

FAQ

What is the significance of Vicat Group's €250 million financing agreement?

The €250 million financing agreement strengthens Vicat Group's liquidity and lowers its average debt ratio from 2.82% to 2.23%.

What are the terms of Vicat Group's private placement financing?

The financing consists of two tranches: €100 million at a fixed rate of 1.27% for 10 years, and €150 million at 1.57% for 15 years.

When will Vicat Group release its full-year results?

Vicat Group will publish its full-year results on February 15, 2022, after market close.

How will the financing impact Vicat Group's debt structure?

The financing will extend the maturity of Vicat Group's debt and lower its overall debt ratio, indicating improved financial stability.