Douglas Group Strengthens Financial Footing: Slashes Net Debt by €1B, Boosts Financial Flexibility

• DOUGLAS Group reduces net debt by 1 billion euros and increases financial flexibility - New financing at greatly improved conditions; reduction in interest expenses expected to be up to 100 million euros on annualized base - Term loan facility of 800 million euros plus bridge facility of 450 million euros; additional revolving credit facility (RCF) of 350 million euros - Sales growth trend accelerates: Group sales (net) increased by 11.5% in the second quarter of the financial year 2023/24 - Leverage ratio falls from 4.0x to approx. 2.7x after full refinancing of financial indebtedness - New financing includes a so-called "ESG Rendezvous-Clause" to link interest margin to sustainability KPIs.

The price of Douglas at the time of the news was 19,420EUR and was up +0,18 % compared with the previous day.
14 minutes after the article was published, the price was 20,200EUR this corresponds to a plus of +4,02 % since publication.

Douglas

-1,57 %

-1,48 %

+5,46 %

-20,67 %

ISIN:DE000BEAU7Y1WKN:BEAU7Y

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