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Remy Cointreau gets €255 million revolver at Euribor plus 195 bps
By Sara Rosenberg
New York, June 5 - Remy Cointreau S.A. signed a new €255 million five-year revolving credit facility that is initially priced at Euribor plus 195 basis points, according to a news release.
Societe Generale Corporate & Investment Banking, Bank of America, BNP Paribas, Credit Agricole Corporate and Investment Bank, Banque de l'Economie du Commerce et de la Monetique, Credit Industriel et Commercial, HSBC and Natixis were the bookrunners on the deal and lead arrangers with Credit du Nord, KBC Bank and Rabobank.
The deal was oversubscribed with €360 million raised.
Proceeds were used to replace a €346 million revolver that was set to mature on June 7.
Remy Cointreau is a Cognac, France-based alcohol manufacturer.
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