a
    ' }, position: { target: $(document.body), // Position it via the document body... corner: 'center' // ...at the center of the viewport }, show: { when: 'click', // Show it on click solo: true // And hide all other tooltips }, hide: false, style: { width: { max: 350 }, padding: '14px', border: { width: 9, radius: 9, color: '#666666' }, name: 'light' }, api: { beforeShow: function() { // Fade in the modal "blanket" using the defined show speed $('#qtip-blanket').fadeIn(this.options.show.effect.length); }, beforeHide: function() { // Fade out the modal "blanket" using the defined hide speed $('#qtip-blanket').fadeOut(this.options.hide.effect.length); } } }); // Create the modal backdrop on document load so all modal tooltips can use it $('
    ') .css({ position: 'absolute', top: $(document).scrollTop(), // Use document scrollTop so it's on-screen even if the window is scrolled left: 0, height: $(document).height(), // Span the full document height... width: '100%', // ...and full width opacity: 0.7, // Make it slightly transparent backgroundColor: 'black', zIndex: 5000 // Make sure the zIndex is below 6000 to keep it below tooltips! }) .appendTo(document.body) // Append to the document body .hide(); // Hide it initially });
    You are here » Home Page » Industry Sectors » Mersen

    Mersen

    Press Releases

    MERSEN : successfully refinances its credit facilities in China

    Mersen successfully refinances its credit facilities in China
    Mersen successfully refinances its credit facilities in China Paris, September 12, 2013 - Mersen (Euronext FR0000039620 - MRN), a global expert in materials and equipment for extreme environments and for the safety and reliability of electrical equipment, is announcing that it has finalized the refinancing in China of the committed credit facilities due to expire between September 2014 and February 2015 by arranging local committed bank credit lines with a total value of RMB525 million or around €65 million.

    These credit lines were arranged with leading international banks. They consist of:

    • a committed 5-year syndicated loan of RMB200 million repayable at maturity.

    • RMB325 million in 3-year bilateral facilities including options to extend maturity up to 5 years. Mersen now has more than €400 million in committed credit facilities at its disposal and has drawn down

    around 50% of this amount. The average maturity of utilized credit facilities currently stands at close to 5 years.
    This deal is part of the medium-term strategy to expand Mersen's activities in China, a country harboring strong growth potential in the Group's markets.
    2013-09-27
    copyright