France: GDF SUEZ Refinances EUR 4.5 Billion Syndicated Credit Line


GDF SUEZ signed a five-year €4.5 billion multi-currency credit line with a syndicate of 24 banks.

The 5 year facility, which includes two one-year extension options, will be used for early refinancing of the Group’s undrawn credit lines expiring in 2012. The attractive conditions of the new credit line were obtained thanks to the company’s solid outlook valued by rating agencies and lately presented along with the Group’s annual results. The transaction was 40% oversubscribed.

Following the recent 50-year Sterling bond issue and the 100-year Euro bond issue, this transaction enables the Group to further optimize its liquidity, with projected needs fully covered into 2016.

Once more, this transaction illustrates the market’s confidence in the Group and its financial solidity.


GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 200,650 people worldwide and achieved revenues of €79.9 billion in 2009.


Source: GDF SUEZ, March 30, 2011;

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