LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) announced today that it has signed a new agreement amending and extending the syndicated multi-currency loan initially signed in October 2011, then modified in July 2014, with all banks previously party to this contract.
Under this agreement, the maximum maturity of this €900 million revolving credit line is extended by five and a half years – i.e., until December 2026 – at improved financial conditions compared with July 2014.
Legrand is confirming its CSR1 commitment by introducing a non-financial performance criterion for the margin computation, which will now be adjusted each year to reflect the Group’s CSR1 roadmap achievement rate.
Key financial dates:
2019 annual results: February 13, 2020
“Quiet period2” starts January 14, 2020
2020 first-quarter results: May 7, 2020
“Quiet period2” starts April 7, 2020
- General Meeting of Shareholders: May 27, 2020
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and sustainable growth driven by acquisitions and innovation, with a steady flow of new offerings—including Eliot* connected products with enhanced value in use. Legrand reported sales of close to €6 billion in 2018. The company is listed on Euronext Paris and is notably a component stock of the CAC 40 index.
(code ISIN FR0010307819)
*Eliot is a program launched in 2015 by Legrand to speed up deployment of the Internet of Things in its offering. A result of the Group’s innovation strategy, Eliot aims to develop connected and interoperable solutions that deliver lasting benefits to private individual users and professionals.
1 CSR: Corporate Social Responsibility.
2 Period of time when all communication is suspended in the run-up to publication of results.