Faurecia set for loan and bond refi

French car part maker Faurecia, rated Ba3 by Moody’s and 57% owned by Peugeot, is to refinance its €1.17bn syndicated loan agreed in 2008 with a slightly smaller facility of €1.15bn.

  • 31 Oct 2011

The company is planning to issue a high yield bond of €300m to reduce the size of its loan and repay €250m credit line provided by Peugeot.

Some €712m of Faurecia’s bank loan had been drawn at June 30 this year.

BNP Paribas, Crédit Agricole, Natixis and Société Générale are ...

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