Safran €2.25 billion credity facility

Overview:

• French multinational aircraft engine, aerospace, and security company Safran successfully negotiated a €2.25 billion credit facility from a syndicate of banks. 
• The facility was to refinance existing lines of credit. 
• Crédit Agricole CIB acted as agent.
• BNP Paribas, Crédit lndustriel et Commercial, Crédit Agricole, The Bank of Tokyo-Mitsubishi UFJ, Natixis, Banco Santander and Société Générale CIB, Citibank International, Commerzbank, Deutsche Bank, HSBC France, The Royal Bank of Scotland, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Limited, acted as arrangers.

John Crabb - Journalist