ASF: New eur 1,785,000,000 5-year syndicated credit facility
23 July 2012 - Finances
VINCI announces the successful signing of a new EUR 1,785,000,000 5-year syndicated credit facility for Autoroutes du Sud de la France SA (ASF).
The facility closed more than 1.5 times oversubscribed, illustrating the continued confidence in ASF’s credit quality and financial solidity.
The new facility will be used for general corporate purposes and replaces ASF’s existing EUR 2 billion revolving credit facility maturing in December 2013.
In line with the Group’s prudent liquidity management, this transaction will lengthen the average maturity of ASF’s available financing.
The final syndicate is :
Mandated Lead Arrangers, Bookrunners and Coordinators:
Bank of Tokyo-Mitsubishi UFJ, Ltd.
Crédit Agricole Corporate and Investment Bank
Société Générale Corporate & Investment Banking
Mandated Lead Arrangers:
Banco Bilbao Vizcaya Argentaria S.A.
Mandated Lead Arrangers and Bookrunners:
Barclays Bank PLC
Crédit Mutuel-CIC Group représenté par:
Crédit Industriel et Commercial
Banque Fédérative du Crédit Mutuel
Lloyds Banking Group
Mizuho Corporate Bank
Royal Bank of Canada
The Royal Bank of Scotland plc
Transport infrastructure operator Autoroutes du Sud de la France is a subsidiary of VINCI, the world’s leading integrated concession-construction group. ASF was founded in 1957 and currently operates a 2,633 km network, with an additional 81 km under construction, giving its concession a total length of 2,714 km
VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.