Nuance buys credit facility

Emily Pacey

Print Article E-Mail Article E-Mail Author

Swiss operator The Nuance Group completes its financial restructuring with a new credit facility

The Nuance Group has signed an agreement for a SFR235m ($179m) revolving credit facility. It completes the process of financial restructuring of the group that has also included shareholder recapitalisation of SFR50m ($38.2m). The mandated lead arrangers for the new facility are Banca Intesa, Calyon, Capitalia and Unicredit Banca Mobilaire.
 
The Nuance Group president and CEO Roberto Graziani said: "This will provide the correct financial platform for the company to operate its existing concessions and seize future opportunities as they arise."