Paris, January 18, 2023 – Feu Vert, a leading car maintenance and after-sales retailer majority owned by Alpha Private Equity, announces the finalization of its debt refinancing with a group of mandated lead arrangers and participants coordinated by BNP Paribas for the senior financing and the private debt fund Oquendo Capital for the mezzanine financing. The new debt amounts to a total of 185 million euros, with comfortable maturities. This allows Feu Vert to benefit from a lower cost of debt; it will include ESG indicators with a relation on the level of margins (upward and downward).

The senior debt is composed of 3 tranches with maturities of 6 years, 6.5 years and 7.5 years, as well as a revolving facility; it is completed by an 8-year mezzanine debt. These longer maturities go together with a decrease in the average cost of financing, which has been reduced by approximately 200 basis points compared with the existing financing. The transaction was signed on December 22, 2022 and closed on January 18, 2023.

As part of its commitment to social responsibility, Feu Vert chose to include ESG criteria, currently under discussion, in its credit agreement, which will be based on objectives from its own ESG strategy including an environmental impact objective. Feu Vert will thus be able to benefit from improved interest rate conditions based on the objectives set by the ESG criteria.

The transaction reinforces Feu Vert’s growth strategy. Thierry Sinquin, Chairman and CEO of Feu Vert said: "The success of this financing transaction with leading French and international institutions provides Feu Vert with significant resources to pursue its profitable development in a growing market and demonstrates the confidence of our financial partners in the solidity of our Group and the quality of its business model".