Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Coface    COFA   FR0010667147

COFACE (COFA)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

COFACE : announces €300m syndicated loan agreement for its Polish subsidiary Coface Poland Factoring

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2018 | 05:48pm CEST

As part of the refinancing of its factoring activity, Coface Poland Factoring signed an agreement with a group of banking partners for a €300m syndicated multicurrency loan (EUR, PLN) on 8 June 2018. This syndicated loan partly replaces existing bilateral credit lines.

The Group's Polish subsidiary is supported by seven banking partners: Crédit Agricole CIB, HSBC, ING Bank Ślaski and Natixis, acting as Mandated Lead Arrangers and Bookrunners, Banco Santander, Commerzbank and Société Générale CIB, acting as Mandated Lead Arrangers. Natixis is acting as Documentation Agent and Crédit Agricole CIB as Facility Agent.

The loan is put in place for two years, with an option to extend its duration by one year, exercisable once, subject to the banks' agreement.

This operation enables the Group to increase its financial flexibility and to extend the maturity of its refinancing debt, whilst benefiting from current favorable market conditions and strengthening its relationships with its leading banks, who thus confirm their commitment to Coface over the mid-term.

Carine Pichon, Chief Financial & Risk Officer, commented:

« We are pleased to implement a syndicated loan agreement for our Polish subsidiary, which allow us to support its profitable growth. By simplifying its structure and prolonging the average maturity of our debt, this loan agreement is fully aligned with the financial objectives of our strategic plan, Fit to Win. »

Disclaimer

Coface SA published this content on 14 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2018 15:47:03 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COFACE
02:15pCOFACE SA : Francois Riahi is appointed Chairman of the Board of COFACE SA
AQ
06/15COFACE : François Riahi is appointed Chairman of the Board of COFACE SA
PU
06/15COFACE SA : François Riahi is appointed Chairman of the Board of COFACE SA
GL
06/15COFACE SA : nnounces 300m syndicated loan agreement for its Polish subsidiary Co..
AQ
06/15COFACE SA : nnounces 300m syndicated loan agreement for its Polish subsidiary Co..
AQ
06/14COFACE : new service to guide companies in IFRS 9 compliance and improve risk ma..
PU
06/14COFACE : announces €300m syndicated loan agreement for its Polish subsidiary Cof..
PU
06/14COFACE : SA nnounces €300m syndicated loan agreement for its Polish subsidiary P..
GL
06/11COFACE SA : Disclosure of trading in own shares (excluding the liquidity agreeme..
GL
06/11COFACE SA : Disclosure of trading in own shares (excluding the liquidity agreeme..
AQ
More news
Financials (€)
Sales 2018 1 222 M
EBIT 2018 206 M
Net income 2018 135 M
Debt 2018 -
Yield 2018 5,87%
P/E ratio 2018 10,33
P/E ratio 2019 10,44
Capi. / Sales 2018 1,21x
Capi. / Sales 2019 1,14x
Capitalization 1 473 M
Chart COFACE
Duration : Period :
Coface Technical Analysis Chart | COFA | FR0010667147 | 4-Traders
Technical analysis trends COFACE
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 10,1 €
Spread / Average Target 7,8%
EPS Revisions
Managers
NameTitle
Xavier Pascal Durand Chief Executive Officer
Laurent Mignon Chairman
Valerie Brami Chief Operating Officer
Carine Pichon Chief Financial & Risk Officer
Nicolas de Buttet Manager-Risk Underwriting, Information & Claims
Sector and Competitors
1st jan.Capitalization (M$)
COFACE5.12%1 710
MUENCHENER RUECKVERSICHERUNG0.72%31 604
SWISS RE-3.54%30 858
HANNOVER RÜCKVERSICHERUNG5.53%15 498
EVEREST RE GROUP2.41%9 286
REINSURANCE GROUP OF AMERICA INC-7.80%9 276