Vilmorin & Cie Secures New €450 Million Revolving Credit Facility

Vilmorin & Cie has announced the signing of a new revolving credit facility (RCF) of up to €450 million. This new financial agreement follows a recent loan from the European Investment Bank, bringing Vilmorin & Cie's total secured financing to €750 million. The initial amount of the RCF is €300 million, with the potential to extend the maturity by two years and increase the facility by €150 million.

The company aims to use this financing to extend its maturity profile and strengthen its financial resources. This strategic move positions Vilmorin & Cie to meet upcoming financial obligations, including a €440 million bond maturing in 2028. The transaction, executed as a club deal, involves long-standing banking partners, further emphasizing Vilmorin & Cie's commitment to robust financial management.

With this new funding, the company intends to continue its growth in the vegetable and field seeds markets through both organic and external means. This decision reflects Vilmorin & Cie's focus on leveraging varietal innovation and expanding its commercial presence.