SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ announces the successful renegotiation of its main revolving credit facility, now indexed to extra-financial performance criteria
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19/04/2019 17:31
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press release
Paris, 19 April 2019
SUEZ ANNOUNCES THE SUCCESSFUL RENEGOTIATION OF ITS MAIN REVOLVING CREDIT
FACILITY, NOW INDEXED TO EXTRA-FINANCIAL PERFORMANCE CRITERIA
SUEZ took advantage of excellent market conditions to renegotiate its main
revolving credit facility, increase its size from EUR1.5 to EUR2.5 billion,
improve its financial conditions and extend its maturity from February 2021 to
April 2024, with extension options until April 2026.
For the first time in its history, SUEZ has chosen to index the cost of a
financing instrument on the Group's environmental and social performance
indicators, based on its Sustainable Development Roadmap for the period
2017-2021:
- Achieve a 33% rate of women in management for the Group as a whole,
- Reduce by 10% the direct and indirect GHG emissions of its activities,
- Help its customers avoid more than 60 million tons of greenhouse gas
emissions,
- Develop sustainable access to essential services in developing countries, by
increasing its revenue by 26% in the targeted countries.
Jean-Marc Boursier, Group Senior Executive VP in charge of Finance and
Recycling & Recovery in Northern Europe, commented: "The success of this
syndication once again demonstrates SUEZ's credit quality, which strengthens
its liquidity under improved conditions and illustrates its ambition to link
financial and extra-financial performance in its business operations."
Contacts:
SUEZ - Press Analysts / Investors
Ophélie Godard Mathilde Rodié
+33 (0)1 58 81 54 73 mathilde.rodie@suez.com
ophelie.godard@suez.com Cécile Combeau
cecile.combeau@suez.com
+33 (0) 1 58 81 24 05
About SUEZ
With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries to optimize their resource
management and strengthen their environmental and economic performances, in
line with regulatory standards. To meet increasing demands to overcome resource
quality and scarcity challenges, SUEZ is fully engaged in the resource
revolution. With the full potential of digital technologies and innovative
solutions, the Group recovers 17 million tons of waste a year, produces 3.9
million tons of secondary raw materials and 7 TWh of local renewable energy. It
also secures water resources, delivering wastewater treatment services to 58
million people and reusing 882 million m3 of wastewater. SUEZ generated total
revenues of EUR17.3 billion in 2018.
Find out more about SUEZ Group
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SUEZ
Registered office - Tour CB21 - 16 place de l'Iris, 92040 Paris La Défense
Cedex, France - Tel: +33 (0)1 58 81 20 00 - www.suez.com SA with a capital
of EUR2,485,450,316 - Siren 433 466 570 RCS NANTERRE - VAT FR 76433 466 570