Saint-Gobain to open 9 bln eur credit facility as part of BPB bid

Date: 22 August 2005
Source: Forbes.com

Date: 22 August 2005

Saint-Gobain plans to open a 9 bln eur credit facility in connection with its 3.68 bln stg bid to acquire UK plasterboard group BPB PLC, and has named Deutsche Bank as lead arranger, a joint UBS and BNP Paribas statement said.

The package of term and revolving credit facilities will also go towards refinancing existing debt of both Saint-Gobain and BPB. The term facility will be for up to 5 years.

BNP Paribas and UBS will be co-bookrunners for the operation.

A spokesman for Saint-Gobain was not available for comment.

600450 Saint-Gobain to open 9 bln eur credit facility as part of BPB bid glassonweb.com

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