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SMCP SA (SMCP.PA)

SMCP.PA on Paris Stock Exchange

15.66EUR
15 Jul 2019
Change (% chg)

€0.08 (+0.51%)
Prev Close
€15.58
Open
€15.94
Day's High
€16.18
Day's Low
€15.64
Volume
148,016
Avg. Vol
104,082
52-wk High
€24.90
52-wk Low
€12.73

Latest Key Developments (Source: Significant Developments)

SMCP In Exclusive Negotiations To Acquire De Fursac
Tuesday, 25 Jun 2019 

June 25 (Reuters) - SMCP SA ::SMCP IN EXCLUSIVE NEGOTIATIONS TO ACQUIRE DE FURSAC, A FRENCH LEADER IN MEN’S ACCESSIBLE LUXURY, POISED FOR INTERNATIONAL EXPANSION.CONTEMPLATED ACQUISITION OF 100% OF DE FURSAC.100% DEBT-FINANCED ACQUISITION, WITH FULL FINANCING ALREADY IN PLACE.POSITIVE IMPACT ON EPS FROM 2019 ON A FULL YEAR BASIS.TRANSACTION IS EXPECTED TO CLOSE BEFORE END OF Q3 2019.THIS ACQUISITION WILL BE ACCRETIVE ON EPS FROM 2019, ON A FULL YEAR BASIS.  Full Article

SMCP Announces Full Refinancing Of Its Existing Debt
Friday, 10 May 2019 

May 10 (Reuters) - SMCP SA ::REG-SMCP - SMCP SUCCESSFULLY PURSUES THE OPTIMIZATION OF ITS CAPITAL STRUCTURE WITH A FULL REFINANCING OF ITS EXISTING DEBT AND SIGNIFICANTLY REDUCES THE COST OF DEBT.REPAYMENT OF THE €110M AMOUNT DRAWN UNDER THE OCTOBER 2017 €250M REVOLVING SENIOR CREDIT FACILITY (RCF) AND CANCELLATION OF THIS FACILITY.EARLY REDEMPTION OF REMAINING EUR 180M FROM SENIOR SECURED NOTES ("HIGH YIELD BONDS") DUE 2023, ISSUED IN MAY 2016 FOR EUR 371M AT A FIXED RATE OF 5.875%.AVERAGE COST OF DEBT TO BE REDUCED BY C.200 BPS TO 2.6%.SIGNING OF A NEW UNSECURED CREDIT FACILITY TOTALLING EUR 465M, COMPRISING A EUR 265M AMORTIZING TERM LOAN AND A EUR 200M REVOLVING CREDIT FACILITY, WITH A MATURITY OF 5 YEARS.PLANNED EARLY REDEMPTION DATE IS MAY 21, 2019.AS A RESULT OF THIS REFINANCING, SMCP EXTENDS THE MATURITY OF ITS DEBT AND SIGNIFICANTLY REDUCES ITS AVERAGE FINANCING COSTS BY C.200 BPS TO 2.6%..STRONGER CAPITAL STRUCTURE TO SUPPORT SMCP'S STRATEGY AND TO GIVE GROUP GREATER FLEXIBILITY TO SEIZE FUTURE GROWTH OPPORTUNITIES.SMCP EXTENDS MATURITY OF ITS DEBT AND SIGNIFICANTLY REDUCES ITS AVERAGE FINANCING COSTS BY C.200 BPS TO 2.6%.  Full Article

Deals of the day-Mergers and acquisitions

June 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: