2016.11 Oberthur refinancing
Oberthur Technologies Group S.A.S. (“Oberthur”) announces that it has launched a €2.1 billion-equivalent senior term loan and a €300.0 million revolving credit facility (together, the “New Senior Credit Facilities”) to support the acquisition of Morpho (also known as Safran Security & Identity) and to refinance existing debt of the group. The proceeds of the New Senior Credit Facilities are expected to be used, among other things, to fund the redemption in full of Oberthur’s €190.0 million Senior Notes due 2020 (the “Notes”). The redemption of the Notes is subject to the successful completion of the transaction.