Ciao, 100k.
Paris, June 18, 2020 The ATALIAN Group announces the implementation of a Term Loan guaranteed by the French State (“PGE”)1 granted to its main operational entity in France, Atalian Cleaning, by its historic banking partners.
This € 50m term loan has an initial maturity of 1 year, with an up to 5-year extension option to be exercised at the sole discretion of Atalian. The Decree granting the guarantee by the French State covering 80% of the principal, interests and accessories of the loan has been published in the ’Journal Officiel’ on June 17, 2020. Jean-Jacques Gauthier, Deputy CEO & Group CFO declares "This € 50m financing, benefiting from a guarantee by the French State covering 80% of the loan, strengthens the Group’s liquidity at favorable financial conditions.
The Group currently employs more than 50,000 people in France and is among the top 20 employers in France. This loan reinforces the Group's ability to support employment, build up our activities, our know-how and respond to new development opportunities in this post-health crisis period. I would like to especially thank the Minister of Economy and Finance, Bruno Le Maire, the Treasury Department of the French Ministry of Finance (“DGT”), BPI France and our banking partners for the positive interactions and their involvement”. BNP Paribas (coordinator and agent), Banque CIC Est and Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile de France acted as lending banks. Redbridge Debt & Treasury Advisory and Cleary Gottlieb Steen & Hamilton LLP acted as advisors to ATALIAN Group, Jones Day as advisors to the banks.
About ATALIAN Group
With a turnover of 3.1 billion euros (including 1.1 billion in France), more than 137,000 employees and a presence in 35 countries spread over 4 continents, Atalian is an independent leader of facility services. Atalian boasts more than 32,000 clients in both the private and public sectors.