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CFAO signed on 17 December 2013 with a group of 12 banks a new 5-year EUR 400 million revolving credit facility.

The facility will be used for general corporate purposes including the refinancing of CFAO’s existing EUR 300 million revolving credit facility dated 7 December 2009.

This transaction allows to extend the maturity of the main committed facility of the Group from December 2014 to December 2018 for an increased amount.

Syndication of the Facility was launched on 20 November 2013 and closed largely oversubscribed. This underlines the confidence granted to the credit quality of the Group and the great support that CFAO benefits from in the market.

CFAO is the foremost specialized retail brand in its main business areas – vehicle and pharmaceuticals distribution – in Africa and the French overseas territories. In Africa, CFAO also distributes equipment, produces and distributes consumer goods and is a provider of a number of technology-related services. CFAO is present in 36 countries, 32 of which are in Africa and seven in the French overseas territories, and had a headcount of 11,400 at end-2012.

CFAO is also listed on NYSE Euronext in Paris and is a 97.8%-owned subsidiary of TTC (Japan).