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Faurecia issues €700 million of ESG-linked Schuldscheindarlehen

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Faurecia (Euronext: EO - FR0000121147) announces that it has signed a €700million Schuldscheindarlehen, (private placement under German law) under Faurecia's Sustainability-Linked Financing Framework established in October 2021.
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This transaction is part of the programme to finance the acquisition of HELLA announced on August 14, 2021. It prefinances part of the bridge financing which fully secures the funding of the acquisition and provides long-term liquidity to Faurecia.

With this additional prefinancing operation, Faurecia has now secured more than 55% of the long-term financing of the HELLA acquisition.

The €700million transaction is structured into several tranches in EUR and USD, with maturities of 2.5, 4, 5 and 6 years. Margin above reference rates, fixed or variable, is close to 2% on average which represents a very attractive financing cost.

The success of this placement, which has been over-subscribed, and the very favourable conditions achieved demonstrate both the significant appreciation of Faurecia’s credit quality and investor confidence in its strategy.

Commerzbank and HELABA (Landesbank Hesse-Thüringen Girozentrale) were the arrangers of the issue, with Raiffeisenbank International, Intesa Sanpaolo, Bankinter and Australia New Zealand Banking Group as co-arranger.

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