Prosegur obtains a syndicated credit for the sum of €400 million

Madrid, 12 June 2014. – Prosegur has formalized today a syndicated loan operation for the sum of €400 million for a period of five years with bullet amortization.

 

This operation is intended for covering Prosegur’s general corporate needs, including the full repayment of the syndicated loan of €400 million formalized by the Company in 2010. Therefore, Prosegur consolidates its financial structure. In this sense, Standard & Poor's (S&P) has renewed the Company's investment grade long-term credit rating of BBB, outlook stable.

 

The interest rate is linked to the Euribor plus a margin to be reviewed annually and indexed to the Net Debt/Ebitda ratio of the borrower at closing of the each financial year. The other terms and conditions correspond to those which are standard for these types of transactions in the market.

 

The loan has been syndicated between thirteen national and international financial institutions. BBVA, Caixa Bank, BNP, Barclays Bank and Santander have participated as “Mandated Lead Arranger” (MLA) and Bookrunners, the last two as coordinators. In addition to that, Bankinter, Bayern LB, Citibank, Commerzbank, HSBC, ING, Banco Popular and Banco Sabadell have acted as “Lead Arranger” (LA).