Amendment and extension of syndicated loan:
Maximum maturity extended to July 2021
Improved financing terms
Legrand has signed an agreement that amends and extends the syndicated loan finalized in October 2011 with all banks party to this contract. This agreement extends the maximum maturity of the €900 million revolving credit line by three years, i.e., up to July 2021, at improved financing terms compared with October 2011.
Moreover, Standard and Poor's confirmed Legrand's A- rating in June.