Global Blue Announces Repricing of Term Loan and Revolving Credit Facility
Global Blue Group Holding AG Ordinary Shares (GB)
Company Research
Source: Business Wire
SIGNY, Switzerland--(BUSINESS WIRE)--Global Blue Group Holding AG (the “Company”) has continued to deliver strong financial results with double-digit growth in revenue and profitability alongside strong cash flow generation in H1 FY2024/25. As a consequence, net leverage reduced from 3.4x in June 2024 to 2.9x in September 2024, and the Company continues to actively de-lever towards its long-term target of less than 2.5x. In light of this strong performance, the Company launched a repricing of its 7-year, €610 million senior secured term loan (“Term Loan”), and €97.5 million senior secured revolving credit facility (“Revolving Facility”).The Company today announced that its subsidiary Global Blue Acquisition B.V. (the “Borrower”) has successfully allocated the repricing of the Term Loan and Revolving Facility. The repricing is expected to close on or prior to December 31, 2024. Upon closing, the interest rate margin applicable to the Borrower under the Term Loan will reduce by 50 b
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GB
Earnings
- 6/5/24 - Beat
GB
Sec Filings
- 12/13/24 - Form 144
- 12/9/24 - Form 6-K
- 12/6/24 - Form 6-K
- GB's page on the SEC website