TDF Infrastructure S.A.S. announces today that it has successfully completed the refinancing and upsizing of its revolving credit facility and has signed a new syndicated EUR 175 million capex facility agreement.
The new EUR 325 million revolving credit facility replaces the existing EUR 250 million facility due to mature in December 2025. The new facility, which has an initial July 2028 maturity, includes two one-year extension options.
MUFG Bank, Ltd. has acted as documentation coordinator and BNP Paribas as facility agent. BNP Paribas, Crédit Agricole Corporate and Investment Bank, Mediobanca – Banca di Credito Finanziario SpA, MUFG Bank, Ltd. and Société Générale are taking part as mandated lead arrangers and bookrunners and BRED Banque populaire, Crédit Industriel et Commercial and La Banque Postale, are taking part as mandated lead arrangers on the revolving credit facility.
The facility will be used for general corporate purposes and represents a strong platform to strengthen the liquidity and fund the future developments of TDF Group.
The new EUR 175 million capex facility expires in July 2026 with extension options until July 2028.
MUFG Bank, Ltd. has acted as documentation coordinator and BNP Paribas as facility agent. The syndicate of lending banks comprises Crédit Agricole Corporate and Investment Bank and MUFG Bank, Ltd. as mandated lead arrangers and bookrunners and BNP Paribas, BRED Banque populaire, Caisse d’Epargne et de Prévoyance Ile-de-France, Crédit Industriel et Commercial and Société Générale as mandated lead arrangers.
As part of its organic growth strategy, the Group is undergoing an ambitious program to roll out telecom infrastructure in France and this facility will be primarily directed to fund this capex plan.
TDF Group CFO Hélène Kayanakis said:
“We are very satisfied to announce this new bank financing with a strong pool of banks including existing, long-standing partners as well as new banks. These new bank facilities significantly increase the available liquidity of the Group and provide a competitive financing platform to successfully continue our investment plan ”