Regulatory News:
Faiveley Transport (Paris: LEY) announces the finalisation of a USD 75 million bond issue through a private placement made up of two tranches:
- USD 30 million with a 10-year final maturity, redeemable between 2017 and 2022,
- USD 45 million of bullet loan with a 10-year maturity.
This private placement, which bears an average fixed rate of 4.91%, has been subscribed by two US-based institutional investors. It allows Faiveley Transport to secure long-term USD funding requirements, particularly those related to the acquisition of Graham-White finalised last February.
This new transaction follows the two and a half years extension of the syndicated credit's maturity, last July. As a result, the Group has extended the average maturity of its borrowings to 4.1 years and has diversified its sources of financing with attractive conditions.
This success is a further demonstration of the trust our financial partners have placed in our Group and has provided Faiveley Transport with the necessary resources to fund its growth.
Next communication: 26 April 2012 (after market closing), 2011/2012 Annual Sales.
Faiveley Transport, world leader in the railway industry
About Faiveley Transport Group
Faiveley Transport is a global leader for high-tech components for rail systems.The Group supplies manufacturers, operators and railway maintenance bodies with the most comprehensive range of products in the market: air conditioning, passenger access systems, platform doors and gates, braking systems, couplers, power collectors, passenger information and services.
FAIVELEY Transport employs more than 5,000 people in 24 countries.
For more information, please visit: www.faiveleytransport.com.
Contacts:
Faiveley Transport
Guillaume Bouhours, +33-1-4813-6503
Chief
Financial Officer
Guillaume.bouhours@faiveleytransport.com
or
Maryline
Berlin, +33-1-4813-6576
Group Communications Manager
Maryline.berlin@faiveleytransport.com
or
NewCap
Emmanuel
Huynh, +33-01-4471-9499
Communications agency
ehuynh@newcap.fr
