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17/06/2010 - GDF SUEZ signs a €4 billion, 5-year syndicated credit line refinancing
GDF SUEZ signed a €4 billion, multi-currency five-year credit line with an international bank syndicate gathering 18 institutions to refinance existing credit lines maturing in 2012. The considerably over-subscribed syndication, notable in today’s market context, with every invited bank responding favorably, reflects the market’s high confidence in the GDF SUEZ Group, the quality of its signature and its financial soundness.
The transaction is part of the Group’s liquidity management optimization policy and will enable to extend the maturities of existing and undrawn credit lines and will be used mainly as a backing instrument for its short-term funding operations.
| About GDF SUEZ | |
| One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200,000 people worldwide and achieved revenues of €83.1 billion in 2008. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
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