Cognac and spirits producer Rémy Cointreau signed a syndicated loan for €100 million ($116.572 million). Six banks funded the loan, including Natixis, Credit Agricole-CIB, Société Générale, HSBC, CIC and BNP Paribas.

The new facility will mature in five years and may be extended for two years. It includes a margin grid between 35bps and 125bps, depending on the company’s debt level.

The deal aims to partially refinance the existing syndicated loan of €255 million ($297.257 million) which matures on April 2019. It will also enable Rémy to benefit from extended maturity and more attractive funding conditions (125 bps currently).

Rémy Cointreau mandated Natixis to coordinate the transaction.