The SILL Group, a family agri-food group based in Brittany, successfully refinanced its existing debt, via a Euro PP private bond placement and bank financing, which will also allow it to finance its investments. The Euro PP was arranged by Kepler Capital Markets.
CMS Bureau Francis Lefebvre assisted Kepler Capital Markets with the Euro PP, as well as Arkéa Banque Entreprises & Institutionnels and the lending banks for the bank financing.
The banks granted several loans for a maximum amount of 70,000,000 euros. The Euro PP bond investors meanwhile subscribed to the bond issue for 40,000,000 euros, expiring in 2021. The bank loans and obligations are backed by collateral.
The particular purpose of this financing is to refinance the SILL Group's acquisition of the companies Le Petit Basque and Laiterie de Saint-Malo, investment expenses relating to the construction of an infant-formula plant and development investments.
For this transaction, the CMS Bureau Francis Lefebvre team comprised: Marc-Etienne Sébire (partner), Charles Tissier and Marine Froger for the bond section of the financing, and Benjamin Guilleminot (head of Structured Financing) and Benoît Fournier for the banking section.
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