Rémy Cointreau Strengthens Its Financial Flexibility to Support Implementation of Its Long-term Growth Strategy

Group takes out an €80 million loan

PARIS--(BUSINESS WIRE)--Regulatory News:

As part of the ongoing optimisation of its financial structure, Rémy Cointreau S.A. (hereinafter “Rémy Cointreau”) (Paris:RCO) is today announcing that it has taken out an €80 million loan with Crédit Agricole d’Ile-de-France.

The loan bears interest at a fixed rate of 0.60% per annum and offers a maturity of seven years, in keeping with the Group’s desire to back its long-dated assets with appropriate financial resources. Rémy Cointreau is thus extending the maturity of its debt and continuing to gradually reduce its average cost of funding.

This new financing, taken out at favourable terms, reflects the quality and financial strength of Rémy Cointreau (rated Baa3 by Moody’s). It enables the Group to strengthen its balance sheet structure by providing it with greater flexibility in implementing its long-term growth strategy.

About Rémy Cointreau

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavours. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and Louis XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,850 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.