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  INDIGO GROUP (ex GROUPE INFRA PARK) company press release from 27/07/2022

  27/07/2022 - 23:35

Indigo Group - Successful refinancing of the 300 million euros Revolving Credit Facility reinforcing group's liquidity profile at good conditions


La Défense, July 27th, 2022

Successful refinancing of the 300 million euros Revolving Credit Facility reinforcing group's liquidity profile at good conditions

Indigo Group signed on July 27th, 2022 a new sustainability linked €300 million multi-currency revolving credit facility (the “Facility”) with extended maturity to July 2027 (including two one-year extension options subject to banks' approval). The Facility replaces the existing €300 million multi-currency revolving credit facility that was due to expire in October 2023.

Under this sustainability linked loan, Indigo Group defined two KPIs – the reduction of carbon emissions in Scopes 1 & 2 and the electric power installed in the EV charging points – which are in line with its CSR and ESG strategy pursued for now several years and placed at the heart of its "Go for Climate" plan. Concrete actions to reduce its energy consumption have already been implemented, such as the replacement of old generation lighting in its car parks with LED lighting and the use of green electricity.

The Facility is provided by Banco Santander, BNP Paribas, Caisse d'Epargne Ile-de-France, HSBC Continental Europe, LCL et Natwest Markets. Banco Santander acts as the Facility's Agent and LCL as ESG Coordinator and ESG Agent. Hebert Smith Freehills and White&Case acted as legal counsels of Indigo Group and the lenders, respectively.

Thanks to this refinancing, Indigo Group keeps securing its financial policy, actively managing its debt and improving its liquidity profile..

Indigo Group is rated BBB-/Positive by S&P Global Ratings.

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Indigo Group

Analysts / investors contact: Press contact:
Noe Poyet Benjamin Voron
ir@group-indigo.com benjamin.voron@group-indigo.com

About Indigo Group

Indigo Group S.A., holding about 100% of Indigo Infra, Indigo Neo (ex-OPnGO) and INDIGO®weel, is a key global player in car parking and urban mobility, that manages more than 1.2 million parking spaces and related services in 10 different countries.

Indigo Group is indirectly held at approximately 47.8% by Crédit Agricole Assurances, 33.4% by Vauban Infrastructure Partners, 14.4% by MEAG, 0.3% in treasury shares and the remainder by its management.

Visit www.group-indigo.com

Disclaimer

The information in this press release has been included in good faith but is for general informational purposes only. All reasonable care has been taken to ensure that the information contained herein is not untrue or misleading. It should not be relied on for any specific purpose and no representation or warranty is given with regards to its accuracy or completeness. It should be read together with the information on Indigo Group S.A. published on its website at www.group-indigo.com

This press release may contain forward-looking objectives and statements about Indigo Group's financial situation, operating results, business activities and expansion strategy. Although we believe these objectives and statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. All forward-looking statements are management's present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The information is valid only at the time of writing and Indigo Group does not assume any obligation to update or revise the objectives on the basis of new information or future or other events, subject to applicable regulations. Additional information on the factors and risks that could have an impact on Indigo Group's financial results is contained in the documents filed by Indigo Group with the French securities regulator (AMF) and available on its website at www.group-indigo.com.

Neither Indigo Group nor any affiliates or their officers or employees shall be liable for any loss, damage or expense arising out of any access to or use of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.

No reproduction of any part of it may be sold or distributed for commercial gain nor shall it be modified.


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  Original Source: INDIGO GROUP (ex GROUPE INFRA PARK)