Business
Legrand: Amendment and Extension of Syndicated Loan
LIMOGES, France, June 27, 2025--Regulatory News: Legrand (Paris:LR) announces the signing with seven banks, increased from six previously, of a new agreement amending and extending the syndicated multi-currency loan initially signed in October 2011, then amended in July 2014, December 2019 and September 2022.
About this update from Legrand Sa
[{"type":"text","content":"Maturity extended to June 2030, with extension options to 2032Nominal amount raised to €1,050 millionCSR1 performance maintained in margin calculation","length":152,"tagName":"p","attribs":{}},{"type":"text","content":"LIMOGES, France, June 27, 2025--(BUSINESS WIRE)--Regulatory News:","length":65,"tagName":"p"},{"type":"text","content":"Legrand (Paris:LR) announces the signing with seven banks, increased from six previously, of a new agreement amending and extending the syndicated multi-currency loan initially signed in October 2011, then amended in July 2014, December 2019 and September 2022.","length":261,"tagName":"p"},{"type":"text","content":"Under this agreement, the nominal amount of this revolving credit facility has been raised to €1,050 million (from €900 million previously) and its maturity has been extended to June 2030, with extension options to June 2032. The financial terms are substantially unchanged compared to those agreed in December 2019.","length":316,"tagName":"p"},{"type":"text","content":"Legrand confirms its CSR1 commitment by maintaining a non-financial performance criterion for the margin computation, adjusted annually based on the achievement rate of its Group’s CSR1 roadmap.","length":194,"tagName":"p"},{"type":"text","content":"About Legrand","length":13,"tagName":"p"},{"type":"text","content":"Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide.","length":222,"tagName":"p"},{"type":"text","content":"Legrand harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable.","length":290,"tagName":"p"},{"type":"text","content":"Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings).","length":364,"tagName":"p"},{"type...