Thales (NYSE Euronext Paris : HO) signed on 17 December 2010 with a group of 20 banks(*) a revolving credit facility for an amount of Euro 1.5 billion, maturing in December 2015. This facility will refinance the previous one maturing in December 2011.
This facility will be available for general corporate purposes and forms part of the liquidity management of Thales, enabling to maintain the Group’s financial flexibility and extend the maturity of its financial resources.
The operation was significantly oversubscribed at more than €2bn. This underlines the confidence of the market in the creditworthiness of the Group, which long term debt is rated BBB+ by Standard & Poor’s and A2 by Moody’s, outlook stable.
