Aluminium Dunkerque closes on $375 million in new bank facilities

Chicago, March 5 – Aluminium Dunkerque SAS and immediate parent company Aluminium Dunkerque Industries France SAS closed on $375 million in new bank facilities, according to a press release.

The facilities include a $125 million four-year floating-rate revolver, with availability in U.S. dollars, euros and letters of credit. The facility lists Aluminium Dunkerque as borrower.

The other part of the new financing is a $250 million five-year floating-rate term loan, funded in dollars and euros. Aluminium Dunkerque Industries is the listed borrower.

According to the terms, upon the achievement of certain environmental criteria, including reductions in carbon emissions and water consumption, the company will benefit from an interest rate adjustment.

Societe Generale was the lead arranger, coordinator and sustainability coordinator. The syndicate included a club of European and American commercial banks.

Proceeds will refinance the borrowers’ previously funded debt. Noted in the press release, Aluminium Dunkerque Industries’ bonds issued in October have been fully repaid.

Aluminium Dunkerque is a primary aluminum smelter based in Loon-Plage, France. The company was formerly known as Liberty Industries France SAS.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.