FNAC Darty repays €500 million loan, extends revolver

By Taylor Fox

New York, March 16 – FNAC Darty plans to fully repay its €500 million state guaranteed loan and extend its revolving credit facility line to €500 million, according to a news release.

The credit line will mature in March 2026 and may be extended at the request of FNAC Darty until March 2028.

In line with the strategic objectives of the new Everyday plan, this new credit facility includes a liability component, societal and environmental which will allow the group to improve its financing conditions if the objectives set are achieved.

FNAC Darty removed the guarantees from subsidiaries for the benefit of all of its lenders, including the revolver and term loan banks, holders of high-yield bonds and the European Investment Bank. This lifting of guarantees could lead credit rating agencies to review the rating of high-yield bonds without necessarily having consequences on the group's overall credit rating.

FNAC Darty is an electronics retailer based in Ivry-sur-Seine, France.

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