Nexans signed a new 800 million euro multi-currency Revolving Credit Facility agreement with a group of 13 banks to replace the existing undrawn credit facility agreement signed on December 12, 2018 for 600 million euros.
The facility continues to strengthen Nexans’ financial liquidity and has a term of five years with two one-year extension options.
Jean-Christophe Juillard, Deputy CEO and CFO of Nexans commented, " We are pleased to secure this new financing with 13 bank partners to support Nexans strategic ambition. The success of this new Revolving Credit Facility, oversubscribed by more than 100 million euros, illustrates Nexans’ financial improvement and will secure the Group’s access to liquidity until 2029. "
