Global Blue Entered Into New Credit Agreement Consisting Of A Senior Secured Term Loan of €610.0M And Senior Secured Revolving Credit Facility Of €97.5M
Portfolio Pulse from Benzinga Newsdesk
Global Blue has entered into a new credit agreement that includes a €610.0 million senior secured term loan and a €97.5 million senior secured revolving credit facility.
November 29, 2023 | 11:30 am
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Global Blue's new credit agreement provides significant financial flexibility, which could support the company's growth or restructuring plans.
The new credit agreement for Global Blue is likely to be viewed positively by investors as it provides the company with a substantial amount of capital that can be used for various corporate activities, such as expansion, investment, or debt refinancing. This financial maneuver could lead to improved investor confidence and potentially a short-term uptick in the stock price.
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