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Rabot Dutilleul restructures its funding to implement its strategic project

The family-owned RABOT DUTILLEUL Group has announced the raising of 51 million euros worth of syndicated bank facilities. With maturities of five and six years, these facilities in the form of revolving credits and medium-term loans will enable the Group to durably strengthen its financing structure and accelerate its transformation in line with its strategic project.

These facilities have been arranged with the participation of the Group’s historic financial partners, who have thereby reiterated their confidence in the ability of the management and staff to deploy the corporate strategy all along the construction and property development value chain.

The Group’s strategic project aims to profoundly transform the way it approaches markets and supports customers. By generating more synergies and adopting a more integrated approach, the Group will combine its various business lines more closely to provide its customers with comprehensive offerings that meet all their needs, thereby enabling them to create more value. This new policy is already showing results: in 2018, design-and-build contracts have accounted for 25% of the Group’s planned workload compared with 20% in 2017; moreover, Rabot Dutilleul has just won the project to rehabilitate the Paul Appell university residence in Strasbourg, its first major project reference in Alsace (eastern France). 

“By restructuring our financing, we can provide the Group with stable financial means that enable it to cover its general needs and invest in its future. We appreciate the renewed commitment of our historic financial partners to supporting this new policy and thereby contributing to our development,” explains Emeric de Foucauld, Rabot Dutilleul’s Company Secretary. 

Advised by EY Corporate Finance and the Nabarro & Hinge law firm, RABOT DUTILLEUL has mobilised Crédit Agricole Nord de France, Banque Populaire du Nord and Caisse d’Epargne Hauts de France (the single Facilities Agent) to act as coordinating banks, as well as Arkéa Banque Entreprises et Institutionnels, Banque Postale, CIC Nord-Ouest, LCL and Société Générale banks. The legal documentation was produced by the Jones Day law firm, counsel for the lenders. 
 

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