Finance, Group |01.13.2020 18:00
Amendment and extension of syndicated loan
Legrand announced today that it has signed a new agreement amending and extending the syndicated
multi-currency loan initially signed in October 2011, then modified in July 2014, with all banks previously party to this contract.
Under this agreement, the maximum maturity of this €900 million revolving credit line is extended by five and a half years – i.e., until December 2026 – at improved financial conditions compared with July 2014.
Legrand is confirming its CSR1 commitment by introducing a non-financial performance criterion for the margin computation, which will now be adjusted each year to reflect the Group’s CSR1 roadmap achievement rate.
1 CSR: Corporate Social Responsibility.