Remy Cointreau S.A announced on Apr. 11 the signing of an amendment and an extension to its revolving facility with a pool of ten banks.

According to the company, this EUR255m transaction provides it with more favourable financing terms, which reflect the credit-worthiness and financial strength of Remy Cointreau. The borrowing cost is now Euribor plus 100 bps, compared with the previous 195 bps. Also, the new maturity of this facility has been extended until April 2019 for a total of five years as from the signature date.

Societe Generale Corporate & Investment Banking was mandated by Remy Cointreau to arrange the transaction. BNP Paribas remains the facility agent.

Remy Cointreau is engaged in the production and sale of cognac, liqueurs and spirits.