Gascogne: signs syndicated contract for 110 million euros
(CercleFinance.com) - Gascogne has announced the signing of a 110 million euro syndicated contract to refinance its existing debt and fund its industrial investment program over the years 2018-2020.
This operation will provide Gascogne with the means to continue its investment program in order to strengthen its industrial facilities: after an initial investment tranche of 100 million euros over the period 2014-2017, Gascogne will invest a further 100 million euros over the period 2018-2020 (half financed by the new investment loan and half-funded by by group companies), bringing total investment to 200 million euros over 7 years, the group said.
In addition, at its 2018 AGM the group will propose a capital increase of 10 million euros, supported by the shareholder Attis 2, to be completed before the end of 2018.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
This operation will provide Gascogne with the means to continue its investment program in order to strengthen its industrial facilities: after an initial investment tranche of 100 million euros over the period 2014-2017, Gascogne will invest a further 100 million euros over the period 2018-2020 (half financed by the new investment loan and half-funded by by group companies), bringing total investment to 200 million euros over 7 years, the group said.
In addition, at its 2018 AGM the group will propose a capital increase of 10 million euros, supported by the shareholder Attis 2, to be completed before the end of 2018.
Copyright (c) 2017 CercleFinance.com. All rights reserved.