Belron: D'Ieteren : Belron launches new loan

23 September 2024 - Belron Belron launches syndication of c.€6.25bn (equivalent) Term Loans Belron is launching, subject to market conditions, the syndication of new c.€6.25bn (equivalent) term loans in a combination of euro and U.S. dollars. The loans issuance is expected to have a 7-year maturity. The proceeds of the debt issuance will be used, in part, to refinance c.€4.3bn of existing term loans and fund a c.€4.3bn distribution Belron's to shareholders, of which c.€2.2bn is expected to be distributed to the D'Ieteren Group. Belron further contemplates, subject to market conditions, the incurrence of additional senior secured debt in a combined aggregate principal amount of up to €1.85bn (equivalent). Contact Francis Deprez, Chief Executive Officer Edouard Janssen, Chief Financial Officer Stéphanie Voisin, Investor Relations - Tel: + 32 (0)2 536.54.39 Bram Geeroms, Investor Relations - Tel: + 32 (0)486.02.99.34 E-mail: financial.communication@dieterengroup.com - Website: www.dieterengroup.com Attachments Original Link Permalink Disclaimer D'Ieteren NV published this content on 23 September 2024 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on September 23, 2024 at 07:04:05 UTC .