Saint-Gobain announced on 15 June 2009 that it has secured a three-year revolving credit of EUR 2.5 billion from 24 banks. This was higher than the initially planned EUR 2 billion, due to the operatio…
Saint-Gobain announced on 15 June 2009 that it has secured a three-year revolving credit of EUR 2.5 billion from 24 banks. This was higher than the initially planned EUR 2 billion, due to the operation being greatly oversubscribed. After a EUR-1.5-billion capital increase and two bond issues of EUR 1.75 billion, Saint-Gobain said it had completed the refinancing of its total long-term debt, which will mature by the end of 2010.