Rémy Cointreau strengthens its financial flexibility to support the implementation of its long-term growth strategy
PARIS–(COMMERCIAL THREAD) – Regulatory news:
As part of the continuous optimization of its financial structure, RÃ©my Cointreau SA (hereinafter “RÃ©my Cointreau”) (Paris: RCO) announces today that it has taken out a loan of 80 million euros from CrÃ©dit Agricole d ‘ Ile-de-France.
The loan bears interest at a fixed rate of 0.60% per year and has a maturity of seven years, in accordance with the Group’s desire to back its long-term assets with appropriate financial resources. RÃ©my Cointreau thus extends the maturity of its debt and continues to gradually reduce its average cost of financing.
This new financing, taken out on favorable terms, reflects the quality and financial strength of RÃ©my Cointreau (rated Baa3 by Moody’s). It enables the Group to strengthen the structure of its balance sheet by offering it greater flexibility in the implementation of its long-term growth strategy.
About RÃ©my Cointreau
All over the world there are customers looking for exceptional experiences; customers for whom a wide range of terroirs means a variety of flavors. Their exacting standards are commensurate with our expertise – the finely honed skills that we pass on from generation to generation. The time that these customers devote to drinking our products is a tribute to all those who worked on their development. It is for these men and women that RÃ©my Cointreau, a French family group, protects its terroirs, cultivates exceptional centuries-old spirits and is committed to preserving their eternal modernity. The Group’s portfolio includes 14 unique brands, such as RÃ©my Martin and Louis XIII cognacs, and Cointreau liqueur. RÃ©my Cointreau has only one ambition: to become the world leader in exceptional spirits. To do this, it relies on the commitment and creativity of its 1,850 employees and on its distribution subsidiaries located in the Group’s strategic markets. RÃ©my Cointreau is listed on Euronext Paris.