Quadient strengthens its financial position with a USD50 million bank loan from Bank of America

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Quadient strengthens its financial position with a USD50 million bank loan from Bank of America - GlobeNewswire

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Quadient strengthens its financial position with a USD50 million bank loan from Bank of America Paris, December 20, 2024 Quadient S.A.(Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces a USD50 million bank loan from Bank of America.

By contributing to meet our debt refinancing timeline and optimize our financing conditions, this new bank loan is another step in the strengthening of Quadient’s financial profile.” About Quadient® Quadient is a global automation platform provider powering secure and sustainable business connections through digital and physical channels.

Since the beginning of the year and including this transaction, Quadient has successfully raised the equivalent of €230 million through various financial instruments, including a Schuldschein and term loans, all contributing towards the repayment of existing credit lines maturing in 2025, notably a bond issue with an outstanding amount of €260 million, bearing a 2.25% coupon and a €29 million Schuldschein tranche.