Avril Group €880 million financing

Overview:

• The Avril Group, an agro-industrial investment fund operated by BPI France, has announced that it has secured financing of €880 million to fund its future growth strategy, its AVRIL 2020 plan.
• The group has secured €650 million via a club deal structure, and a further €230 million via a program for the securitisation of customer debt. 
• The funding will go someway to helping the company to fund its future ambition, extend the maturity of its debt, and to gain further credit lines.
• Natixis and Société Générale acted as coordinators for the club deal.
• Crédit Agricole arranged the securitisation programme. 

John Crabb - Journalist