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Rémy Cointreau Successfully Renews and Increases Its Syndicated Credit Line to €180 Million

PARIS, April 02, 2024--(BUSINESS WIRE)--Regulatory News:

Rémy Cointreau (Paris:RCO) announces the successful renewal of its Revolving Credit Facility for an amount increased to €180 million and a maturity of 5 years (March 2029), with two one-year extension options, subject to approval by the lenders.

This new facility agreement is signed with a consortium of 8 core relationship banks (Société Générale, Natixis, Crédit Agricole, BNP Paribas, CIC, HSBC, Banque Palatine and Deutsche Bank) and is part of the renewal of the existing syndicated loan of €100 million, coming to maturity on July 2025.

Rémy Cointreau is thus increasing the size of its credit facility from €100 to €180 million. Combined with the completion of a private placement last September, this operation completes the extension of the maturity of its debt and strengthens its financial flexibility.

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The transaction was largely oversubscribed, illustrating the significant interest from its banking partners and their confidence in the Group’s financial strength.

Rémy Cointreau has mandated Société Générale to coordinate this transaction.

About Rémy Cointreau

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these Men and Women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and Louis XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 2,021 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.

Regulated information in connection with this press release can be found at www.remy-cointreau.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240401444599/en/

Contacts

Investor relations: Célia d’Everlange / investor-relations@remy-cointreau.com
Media relations: Mélissa Lévine / press@remy-cointreau.com