S&P revised Fnac Darty's outlook to "stable" and confirmed its BB+ Corporate rating, Successful renegotiation and extension of the maturities of the undrawn RCF and DDTL

Core Viewpoint - Standard & Poor's has revised Fnac Darty's outlook to "stable" from "negative" and confirmed its BB+ Corporate rating, reflecting the company's solid operating performance and prudent financial policy [1][2]. Financial Performance and Strategy - The revision is attributed to the Group's strong operating performance and enhanced competitive position, particularly due to the acquisition of Unieuro [2]. - Fnac Darty successfully renegotiated and extended the maturities of its undrawn revolving credit facility (RCF) and delayed drawn term loan (DDTL) credit lines by two years to March 2030, with options for further extensions to March 2031 and March 2032 [3][5]. - The total amount of these credit lines is €600 million, and neither has been drawn down to date [3][4]. Management Commentary - The Chief Financial Officer of Fnac Darty emphasized that the outlook revision reflects the effectiveness of the Group's transformation and financial strategy, which is supported by the successful renegotiation of credit lines, showcasing the confidence of banking partners [5].