Vicat signs €250 million two-part private-placement financing

By Wendy Van Sickle

Columbus, Ohio, Nov. 24 – Vicat SA signed a €250 million private-placement financing agreement in two tranches with U.S. investors, according to a news release.

A €250 million tranche has a 10-year maturity and 1.27% annual interest.

A €150 million tranche has a 15-year maturity and 1.57% annual interest.

Vicat said the financing agreement will enable it to strengthen the liquidity of its balance sheet, extend the overall maturity of its debt and reduce its average debt ratio to 2.23% from 2.82%.

Vicat is a France-based cement manufacturer that also operates in Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan and India.

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