“After the success of its first Euro PP to 7 years issued in 2016, the group Chargers concludes today one of the financing general the longest in its history, at 8 and 10 years, in a context of rates historically favorable. These new resources, that illustrate the modernization of the financial tools of the Group at the service of the Chargers Business Standards, fit into his strategy for winning long-term. ” declared Michaël Fribourg, Chairman and ceo.
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In the framework of its overall development strategy, the group Chargers pursues the optimization of its balance sheet and its resources in the long term, through the signing, for general corporate purposes of the long term, a Euro PP for a total amount of 50 million euros, repayable in fine :
40 million euros to 8 years of age in the form of a private placement bond underwritten in particular by AG2R La Mondiale and Suravenir, and
10 million euros to 10 years in the form of a bank loan underwritten and arranged by Bank of China Limited.
The average rate of the operation is apparent at 3.45%, all the financial expenses included.
The maturities, rates and the very large over-subscription of this investment illustrate the quality of the signature Chargers in the long term.
The partners of this private placement retained by Shippers reflect the international footprint of the Group, through its various businesses, in more than 34 countries, commercially, or industrially.
In this operation, Chargers has been assisted by Kepler Cheuvreux, which has acted as financial advisor and arranger, and by the law firm De Pardieu Brocas Maffei as legal advice. CMS Bureau Francis Lefebvre acted as legal advisers to the arranger.
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