Edition:
United Kingdom

Altran Launches New Step Of Aricent Acquisition Financing


Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Altran Technologies Sa ::REG-ALTRAN TECHNOLOGIES : ALTRAN LAUNCHES NEW STEP OF THE ARICENT ACQUISITION FINANCING WITH THE €2,125M EQUIVALENT SENIOR SECURED TERM LOAN B SYNDICATION.PROFORMA FOR DEBT SYNDICATION AND, IF IMPLEMENTED, EQUITY ISSUANCE, ALTRAN NET DEBT WILL AMOUNT TO EUR 1.4 BILLION.‍ALTRAN TARGETS A RAPID DELEVERAGING BELOW 2.5X WITHIN TWO YEARS AFTER CLOSING OF TRANSACTION​.‍TARGETS A RAPID DELEVERAGING BELOW 2.5X WITHIN TWO YEARS AFTER CLOSING OF TRANSACTION​.SENIOR SECURED TERM LOAN B TOGETHER WITH A EUR 250 MILLION BRIDGE FACILITY.FINANCING WILL CONSIST IN A COMBINATION OF EUR AND USD TRANCHES.