Global Blue Announces Repricing Of Term Loan And Revolving facility
Portfolio Pulse from Benzinga Newsdesk
Global Blue Group Holding AG (NYSE:GB) has shown strong recovery with EBITDA and cash flow growth, reducing net leverage from 4.5x to 3.6x from September to December 2023. The company is on track to meet its leverage target of less than 2.5x. Consequently, it has launched a repricing of its €610 million term loan and €97.5 million revolving credit facility.
May 03, 2024 | 11:21 am
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Global Blue's strong recovery and reduction in leverage from 4.5x to 3.6x, along with the repricing of significant debt facilities, indicate a positive financial health and operational efficiency.
The reduction in leverage and the repricing of debt facilities are strong indicators of financial health and operational efficiency, which are likely to be viewed positively by investors. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 90
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