Redbridge Insights - May 2024

FINANCING

‘Pricing in the US Private Placement market is very attractive at present for euro funding’: Muriel Nahmias, Redbridge

Our financing expert Muriel Nahmias takes a look at the US Private Placement market. Find out everything you need to know about how to access this deep source of funding, which offers both long maturities and attractive pricing for instruments issued in euros.

Read the article: click here

TREASURY ORGANISATIONS - THE DIGITAL REVOLUTION

In the summer of 2023, 107 companies took part in an online survey organised by the AFTE and Redbridge. The aim of the survey was to assess the resources they allocate to each of the treasury-finance department’s main roles.

The data collected can form the basis for discussions on companies’ roadmaps to digital treasury. We’re delighted to present an excerpt from the report, which will be published in full on our blog in June.

If you’d like to receive the full report as soon as it’s available, please fill in the form: click here

CLIENT CASES

Travelopia - Cash Concentration and Liquidity Optimisation

"This was the follow on review to investigate if further optimisation of our cash concentration structure was achievable after the original project in 2018. Redbridge showed deep knowledge of current market practices, understood our detailed requirements, provided deliverables as agreed and to the timescale agreed that added value to our business."

-?Lynne MacDonald, Head of Treasury - Travelopia

Key accomplishments of this assignment include:

• Detailed analysis of cash structures and cash held in and outside pooling arrangements.
• Identification of changes required to reporting of cash positions to improve classification of cash structure type.
• Targeted recommendations identifying areas for improvement with quantification of benefits.

Read the client case: click here

Neoen - Refinancing/Increase of a €500m Syndicated SLL

"Working with Redbridge allowed us to run a transparent, efficient and documented process, which led to the success of our refinancing, and the achievement of all our objectives "

Louis-Mathieu Perrin, Chief Financial Officer - Neoen

Key accomplishments of this assignment include:

• Large oversubscription of 135%, allowing fine-tuning of final allocations and expansion of bank pool
• Increase of RCF tranche to 40% (vs. 30%)
• Limited repricing of margins, despite deteriorating market conditions
• Flexible documentation, ESG compatible and improved additional debt capacity

Read the client case: click here