EBRD closes EUR 122,500,000 syndicated loan for French automotive components producer Faurecia S.A.

By EBRD  Press Office
@ebrd

  • Name of Borrower: Faurecia S.A.
  • Sector: Manufacturing & Services
  • Facility: EUR 122,500,000 A/B Syndicated Loan

Project description

The EBRD is supporting the planned expansion of Faurecia S.A., a leading global automotive components producer, with a EUR 122.5 million loan. The funding will contribute to Faurecia’s capital expenditure plan in the four EBRD countries of operations: Morocco, Poland, Romania and Russia.

EBRD A loan (funds provided by the EBRD): EUR 40,000,000
Tenor: 6.5 years

EBRD B loan (funds provided by participants in EBRD syndication): EUR 82,500,000
Tenor: 4.5 years

B-lenders

Mandated Lead Arranger

Sberbank Group consisting of:

  • Sberbank of Russia (EUR 35m)
  • Sberbank Europe AG (EUR 15m)
  • Sberbank Slovensko, a.s. (EUR 5m)

Lead Arrangers

  • BNP Paribas Fortis SA (EUR 10m)
  • Société Générale (EUR 10m)

Arranger

  • Bankinter S.A. (EUR 7.5m)

Comments

The EBRD is supporting the planned expansion of Faurecia S.A., a leading global automotive components producer, with a EUR 122.5 million loan. Of this total amount, the EBRD will take EUR 40 million on its own books as an “A loan” while the balance will be syndicated as a “B loan” to Sberbank Group who is acting as Mandated Lead Arranger, BNP Paribas and Société Générale each acting as Lead Arrangers and Bankinter joining as Arranger.

Faurecia is the world’s sixth largest and Europe’s third largest producer of automotive components in terms of revenues. The company sells to all main original equipment manufacturers in the car industry.

Over the years the EBRD has consistently supported the establishment and development of the automotive industry in its countries of operations. Back in 1994, the Bank provided Fiat with a loan to modernise its operations in Poland and in later years the EBRD supported other major players such as General Motors, Toyota, Renault, Volkswagen and others as well as domestic and international suppliers with their expansion.

At the EBRD the automotive industry is part of the Bank’s activities in manufacturing and services. In this sector alone to date the EBRD has provided more than EUR 8.5 billion in almost 500 projects for a total investment value of EUR 28 billion.

Signing dates

Loan Agreement: 13 September 2013
Participation Agreement: 13 September 2013

 

EBRD Syndications Contact: Joerg Zinnecker, Christian Kleboth
Tel: +44 207 338 6036, +7 499 2703 185
Email addresses: ZinneckJ@ebrd.com, KlebothC@ebrd.com