Extension of credit facility

RNS Number : 8860G

Compagnie de Saint-Gobain

28 October 2008

 



                                            October 28, 2008  

Extension until October 2010 of the credit facility for the acquisition of Maxit (2 billion euros)

Compagnie de Saint-Gobain signed today with a syndicate of banks an amendment to the credit facility agreement of October 2007 for the acquisition of the Maxit group. This concludes the discussions mentioned on October 22 in the press release on the Group's sales for the first 9 months of 2008.

Under this amendment Saint-Gobain has the right to extend the final maturity of the credit facility, in an amount of 2,040 million euros, from October 2009 to October 2010. The credit margins on the facility have been revised in view of the evolution of the market; on the signing date of the amendment, based on the three months Euribor rate of today at 4.86%, the initial interest rate for this facility is equal to 5.86%.

This amendment enables the Group to increase its financial flexibility.

Analyst/Investor relations	Press relations
Florence Triou-Teixeira      [phone] Etienne Humbert                [phone] Vivien Dardel                      [phone]	Sophie Chevallon     [phone]

 

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