Bredin Prat advises Fnac Darty on the renegotiation of its RCF credit line and the extension of its undrawn Delayed Draw Term Loan (“DDTL”) to December 2026

Bredin Prat is advising Fnac Darty on the renegotiation of its RCF credit line of €500 million maturing in March 2028, with the implementation of two new extension options, to March 2029 and March 2030, which may be exercised at the request of Fnac Darty and upon lenders’ approval. The financial conditions remain unchanged.

In addition, Fnac Darty exercised the first 12-month extension option of its undrawn Delayed Draw Term Loan (“DDTL”) credit line. This credit line of €300 million allows the Group to cover the refinancing of its outstanding senior bonds issued in 2019 and maturing in 2024. This option was subscribed at 100% of bank commitments. The maturity date for this line, in the event of draw-down, will be December 2026.

The Bredin Prat team advising Fnac Darty comprised Samuel Pariente (partner), Mathieu Arnault (counsel) and Jessim Djama from the firm’s Financing practice.