Daily News: July 31, 2017

Crédit Agricole, Société Générale, Others Provide $90.9MM MBWS Refi


Marie Brizard Wine & Spirits (MBWS) refinanced its senior debt of €62.5 ($73.3 million) million with a new syndicated credit facility of €77.5 million ($90.9 million).

The senior debt has been in place since May 2016 and the new facility matures in July 2022.

The syndicated credit facility is comprised of: a term loan in the amount of €45 million ($52.8 million), used to refinance the previous outstanding balance of the 2016 senior debt; and a revolving credit facility in the amount of €32.5 million ($38.1 million) which will be used to finance the company’s general operating needs and possible external growth.

The syndicated credit facility was subscribed by a syndicate of banks comprised of CIC Lyonnaise de Banque, Le Crédit Lyonnais, Natixis, Société Générale, and Crédit Agricole Ile de France. The syndicate was advised by the law firm of Hogan Lovells. MBWS was advised by Redbridge Debt & Treasury Advisory and by the law firm of De Pardieu Broca Maffei.

Marie Brizard Wine & Spirits produces and sells a range of wine and spirits primarily in Europe and the U.S.