IR News

SFA amendment and extension, and envisaged PIK Toggle Notes refinancing

Xella International S.A. announced today a request to extend commitments under the Senior Facilities Agreement (“SFA”) (other than under Facility D) until 31 December 2018 in order to pro-actively manage its maturity profile.  The company is also requesting to make certain other amendments to the SFA, inter alia including incorporating a new Facility G into the SFA which shall be used for an envisaged refinancing of the PIK Toggle Notes of Xella HoldCo Finance S.A. due 2018 (related conditional redemption notice expected to be issued in the coming weeks), pay associated fees, premia, make-whole, costs and expenses and (if necessary) to refinance existing commitments under the SFA that have not been extended pursuant to the extension request.  The new Facility G shall have a maturity date of 31 March 2019.

Consents from existing lenders to the amendments and extension under the SFA, and commitments from existing and new lenders to the new Facility G are due by 5 May 2015.

A Management presentation with more details on the envisaged transaction is scheduled to be held in London on 16 April 2015.