Nové €1.3bn loan for French armed forces housing (Cegelog, EIB €484m)
Renovate and build housing for Ministry of Armed Forces staff and families (8,000 to 15,000 units)
Key terms
- Borrower or issuer
- Nové (Eiffage / Arcade-VyV)
- Date
- 14 Feb 2022
- Type
- Bank facility
- Amount
- €1.3bn (US$1.4bn)
- Maturity
- 35 years
Recorded terms
- Structure
- €1.3bn Cegelog loan with a 35-year EIB commitment of €484m as main lender, alongside military and aeronautic provident funds and 10 commercial banks; 35-year concession from the Ministry of Armed Forces
- Lenders and arrangers
- European Investment Bank (€484m), military and aeronautic provident funds, 10 commercial banks
- Country
- France
Parties
- Nové (Eiffage / Arcade-VyV) borrower or issuer
- Public lenders and funders: European Investment Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 18 Feb 2022 | Kratos US$400m secured credit facility | Bank facility | US$400m |
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 22 Mar 2022 | Kongsberg NOK 2.5bn revolving credit facility (2022) | Bank facility | NOK 2.5bn |
| 23 Mar 2022 | Oshkosh US$1.1bn revolving credit facility | Bank facility | US$1.1bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
Sources
- EIB: €484 million loan to finance 15,000 homes for Ministry of Armed Forces personnel eib.org · 14 Feb 2022
About this record
Record DEF-2022-0020, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
