Viridien S.A. Unveils Major Senior Secured Notes Initiative
Viridien S.A. Launches an Exciting Offering of Senior Secured Notes
Viridien S.A., the innovative force behind the Viridien group, has recently taken a significant step in financial strategy by launching an offering of senior secured notes due in 2030. This notable initiative involves an impressive aggregate principal amount, equating to approximately US$950,000,000. These notes are being issued in both U.S. dollars and euros, reflecting the company’s robust financial positioning and its commitment to securing its assets.
Purpose and Structure of the Offering
The senior secured notes will be guaranteed on a senior secured basis by select subsidiaries of Viridien S.A. This strategic move signifies confidence in the company's substantial backing. Moreover, alongside this offering, Viridien S.A. has committed to a revolving credit facility amounting to US$125,000,000, which aligns with the same collateral as the notes but on a super senior basis. This multifaceted approach not only bolsters Viridien's liquidity but also enhances its operational capabilities.
Utilization of Proceeds
With a clear focus on financial management, Viridien S.A. plans to use the proceeds from this offering, supplemented with available cash, to fully redeem its existing senior secured notes, which amount to US$447,400,000 and €578,600,000 due in 2027. This action demonstrates the company’s intent to streamline its debt portfolio, thereby strengthening its financial health and paving the way for future growth opportunities.
About Viridien S.A.
Viridien is recognized as a leading technology and digital enterprise driven by a commitment to pushing the boundaries of scientific progress. By harnessing advanced Earth data solutions, Viridien seeks to tackle complex challenges in sectors such as natural resources, digital innovation, and infrastructure management. The company employs around 3,400 talented individuals globally, operating under the ticker symbol VIRI on the Euronext Paris SA. Their endeavors not only focus on business success but also prioritize a sustainable future.
Contact Information
For those interested in learning more about Viridien S.A. and its initiatives, the investor relations contact is Jean-Baptiste Roussille. He can be reached at +33 6 14 51 09 88 or via email at jean-baptiste.roussille@viridiengroup.com. This point of contact can provide further insights into the company’s progress and future endeavors.
Frequently Asked Questions
What is the total amount of the senior secured notes offering?
The total amount of the offering is approximately US$950,000,000.
How will Viridien use the proceeds from this offering?
Viridien plans to use the proceeds to redeem its existing senior secured notes due in 2027.
What is the duration of the newly issued notes?
The newly issued notes will mature in 2030.
Where is Viridien S.A. listed?
Viridien S.A. is listed on the Euronext Paris SA under the ticker VIRI.
Who can I contact for more information about Viridien S.A.?
Jean-Baptiste Roussille is the contact person for investor relations at Viridien.
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