Signature of a new syndicated loan amounting to €40 million to support the Group’s accelerated development
8 January 2019
Paris, France
ESI Group (FR0004110310 – ESI), pioneer and world-leading provider in Virtual Prototyping announces, as part of its financing policy, the signature of a €40 million syndicated credit line, taken out with a consortium of leading European banks.
This credit line will be used to fund the acceleration of the Group's development plan and diversify its financial partners. It replaces the syndicated credit line signed in 2015.
Olfa Zorgati, ESI Group’s Chief Financial Officer comments: “We are delighted with the success of this transaction, which demonstrates the strength of our relationships with our financial partners. Their continued confidence will allow us to accelerate the Group's development while securing our short- and medium-term financing needs.”
The banking consortium is made up of the following 7 members:
- Arranger and Agent: Banque Palatine
- Participants: Banque Palatine, HSBC France, Crédit Agricole Ile-de-France, CIC Paris, Crédit du Nord, Société Générale, BNP Paribas