Groupe Ecore completes a full refinancing on the European bond market and repays the Kartesia Financing in full
Kartesia is happy to announce today that it was repaid from its KCO III investment in Groupe Ecore, following the successful issuance of €255 million Fixed Rated Notes (“FRN”) in the European bond market. The proceeds received from the FRN and a new factoring line put in place enabled to repay in full the Kartesia financing as well as to pay a dividend to all shareholders, including towards the Equity co-investment held by KCO III. Following this transaction, Kartesia still owns ca. 4.0% of the total Equity of the company and will continue to support it in the coming years alongside financial sponsor HIG Capital and the company’s founding family.