Devoteam Announces Closing of €30 Million Debt Private Placement

PARIS--(BUSINESS WIRE)-- Regulatory News:

Devoteam (Paris: DVT) today announced that it has completed a 6-year debt private placement (Euro PP) of €30 million, bearing interest at a rate of 3.25%. The debt was subscribed by institutional investors.

This placement diversifies the Group’s sources of financing and extends the maturity profile of its debt, thus providing an increased financial flexibility at favorable market conditions.

After a successful repositioning of the business portfolio on the geographical areas and the offers defined in the EAGLE plan, Devoteam returned in 2014 to an active acquisition policy focused on innovation and value, particularly around the Cloud and Digital offers. The flexibility brought from the proceeds of the placement will allow the Group to continue executing this new phase of accelerated growth.

The transaction was arranged by BNP Paribas and HSBC.

Simultaneously, the Group renewed for 3 years its lines of credit in the form of confirmed revolving loans.

About Devoteam

Created in 1995, Devoteam (ISIN: FR 0000073793. Reuters: DVTM.PA. Bloomberg: DEVO FP) is a European leader in consulting and cloud solutions, and puts the new digital practices at the heart of the business transformation of its clients.

In 2014, Devoteam achieved revenues of € 443 million and an operating margin of 5.0%. The Group has a workforce of 3 600 employees in 20 countries across Europe North Africa and Middle East.

ISIN : FR 0000073793, Reuters : DVTM.PA, Bloomberg : DEVO FP

http://www.devoteam.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20150719005048/en/

Devoteam
Executive Board:
Stanislas de Bentzmann, Co-CEO
[email protected]
or
Financial communication :
Evelyne Broisin, [email protected]
or
Press:
Julie Dramard, [email protected]
Jennifer Loison, [email protected]

Source: Devoteam

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• GameStop shares gain as CEO Ryan Cohen buys more stock
• Improved Pharma exhibiting and presenting at AAPS 2026 PHARMSCI 360
• Bracco Imaging and Genera New Energy Inaugurate Biomethane Facility to Support Industrial Emissions Reduction