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ING Press Release

Dufry Out With EUR2.4bn-equivalent Refinancing via 28 Banks

Dufry Out With EUR2.4bn-equivalent Refinancing via 28 Banks

Press Release

6 November 2017
Market News

Press Release

Dufry, the Swiss-based travel retailer, is out in the market with a EUR2.4bn debt package. Global Coordinator and Agent ING Bank has arranged the facilities with a syndicate of 27 other banks.

The five year financing comprises of a dual currency term loan split between a USD700m dollar tranche and a EUR500m euro portion, as well as a EUR1.3bn multicurrency revolving credit facility. In addition, Dufry has signed a EUR500m one year term loan facility, also led by ING Bank.

The new Facilities will be used to refinance existing indebtedness and for general corporate purposes.

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