Viridien S.A. Announces Senior Secured Notes Launch Strategy
Viridien S.A. Launches Senior Secured Notes Offering
Viridien S.A., the parent company of the Viridien group, has initiated a significant offering of senior secured notes. This offering includes notes due in 2030, available in both U.S. dollars and euros, amounting to an impressive total of approximately US$950,000,000.
The newly issued notes will be backed by guarantees from some of Viridien's subsidiaries, ensuring a robust security structure. Additionally, the company has secured a revolving credit facility of US$125,000,000, which will also be collateralized by the same assets. This strategic move aims to enhance Viridien's financial flexibility and support its ongoing projects.
Utilization of Proceeds
The net proceeds from this offering, combined with existing cash reserves, will primarily be utilized to fully redeem the company's current senior secured notes due in 2027, which amount to US$447,400,000 and €578,600,000. This proactive measure not only helps in managing existing debt but also positions Viridien for future growth and expansion.
About Viridien
Viridien is a pioneering technology and digital Earth data company dedicated to advancing sustainable practices for a better future. With a workforce of approximately 3,400 employees globally, Viridien is at the forefront of addressing complex challenges related to digital transformation, energy transitions, and infrastructure development. The company operates under the ticker VIRI on Euronext Paris SA, which underscores its commitment to innovation and sustainability.
Contact Information
Investor Relations:
Jean-Baptiste Roussille
Phone: + 33 6 14 51 09 88
Email: jean-baptiste.roussille@viridiengroup.com
Frequently Asked Questions
What is the primary goal of the senior secured notes offering?
The offering aims to strengthen Viridien's financial position by refinancing existing debts and securing liquidity for future projects.
How much money is Viridien looking to raise through this offering?
Viridien intends to raise approximately US$950,000,000 through the senior secured notes offering.
What will the proceeds from the offering be used for?
The proceeds will be used to redeem existing senior secured notes due in 2027 to manage and optimize Viridien's financial obligations.
On which stock exchange is Viridien listed?
Viridien is listed on Euronext Paris SA under the ticker symbol VIRI.
Who should be contacted for investor relations inquiries?
Investors can reach out to Jean-Baptiste Roussille for any inquiries related to investor relations.
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