FNAC Darty extends delayed-draw term loan to 2028

Chicago, March 19 – FNAC Darty SA obtained the consent of its banks to extend the maturity of its €100 million delayed-draw term loan to March 2028 from December 2026, according to a press release.

The company has additional extension options of one year each, to March 2029 and March 2030, exercisable by request and subject to lender approval.

Proceeds from the loan may be used for general corporate purposes until March 2028.

The company concurrently placed €550 million of new notes but does not expect to draw on the delayed-draw term loan on the issue date of the notes.

Further, the company noted that its €500 million revolving credit facility maturing in March 2028 can be extended to March 2030. There are currently no drawings on the revolver.

FNAC Darty is an electronics retailer based in Ivry-sur-Seine, France.

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