ECONOCOM EXTENDS ITS DEBT MATURE WITH A €240M SCHULDSCHEIN

Econocom, a group specializing in digital transformation, has completed a €240 million Schuldschein private placement. The transaction, initially planned for €100 million, was significantly oversubscribed, demonstrating investor confidence. Structured in 3- and 5-year tranches with variable interest rates, it allows for the early refinancing of debt maturing in 2027 and 2028.

Econocom has thus fully refinanced its 2027 maturity (€132 million) and partially its 2028 maturity (€108 million out of €155 million). This transaction, supported by Commerzbank and Landesbank Baden-Württemberg, increases the group's financial flexibility. Philippe Renauld, Chief Financial Officer, emphasizes that this initiative extends the debt maturity to 2029 and 2031, reinforcing Econocom's proactive approach.