COFACE SA announces the renewal of its 700 M € syndicated

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Paris, August 6, 2021 – 5:45 p.m.

COFACE SA announces the renewal of its 700 M € syndicated loan agreement

On August 4, 2021, as part of the refinancing of its factoring activities, COFACE SA signed with a group of banking partners the early renewal of its syndicated loan in euros of 700 million euros. It is part of the Build to Lead plan which aims to enhance Coface’s assets in specialty businesses and thus continues to support the development of factoring.

This transaction was initially concluded in 2017 to replace the existing bilateral credit lines. Coface relies on a panel of seven banking partners: BNP Paribas, Crédit Agricole CIB, Natixis, Société Générale as Mandated Lead Arrangers and Bookrunners, BRED, HSBC and La Banque Postale as Mandated Lead Arrangers. Societe Generale acts as Documentation and Facility Agent.

The loan is renewed for a period of three years with two options of one year extension at the discretion of the lenders. This transaction enables the Group to improve its financial flexibility and extend the maturity of its refinancing, while taking advantage of favorable market conditions and strengthening relations with its senior banks, which thus confirm their medium-term commitment to Coface. .

2020/2021 FINANCIAL CALENDAR (subject to change)
9M-2021 results: October 28, 2021 (after market close)

FINANCIAL INFORMATION
This press release, as well as all the regulatory information on COFACE SA, is available on the Group’s website:
http://www.coface.com/Investisseurs

For regulated information on alternative performance measures (APM),
please refer to our H1-2021 Interim Financial Report and our 2020 Universal Registration Document.

Coface: for commerce

With 75 years of experience and the most extensive international network, Coface is a leader in commercial credit insurance and related specialist services, including factoring, single risk insurance, surety and bonding services. ‘information. Coface’s experts work at the pace of the global economy, helping around 50,000 clients to create successful, growing and dynamic businesses around the world. Coface supports companies in their credit decisions. The Group’s services and solutions strengthen their sales capacity by protecting them against the risk of non-payment on their domestic and export markets. In 2020, Coface employed ~ 4,450 people and achieved a turnover of 1.45 billion euros.

www.coface.com

COFACE SA is listed on compartment A of Euronext Paris
ISIN code: FR0010667147 / Ticker: COFA

WARNING – Certain statements appearing in this press release may contain forecasts relating to, among other things, future events, trends, plans or objectives. By their nature, these forecasts involve identified or unidentified risks and uncertainties, and may be affected by numerous factors that could give rise to a significant difference between actual results and those stated in these statements. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2020 Universal Registration Document filed with the AMF on March 31, 2021 under number D.21-0233 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the activities of the Coface Group. The Coface Group declines any intention or obligation to publish an update of these forecasts, or to provide new information on future events or any other circumstance..

  • 2021 08 06 PR Syndicated line of credit

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