Viridien Announces Issuance of Senior Secured Notes and Completion of Conditions for Redemption of Existing Notes
Paris, France | Mar 25, 2025
On March 25, 2025, Viridien successfully settled its issuance of $450 million in aggregate principal amount of 10% Senior Secured Notes due 2030 and €475 million in aggregate principal amount of 8.5% Senior Secured Notes due 2030 (together, the “Notes”). The Notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien.
Viridien also entered into a $125,000,000 super senior Revolving Credit Facility Agreement (the “RCF”) secured by the same security package as the Notes. No drawings have been carried out under the RCF save for part of an ancillary guarantee facility.
The issuance of the Notes was a condition to the redemption by Viridien of all its senior secured notes due 2027 (the “Existing Notes”). That condition has now been satisfied.
The net proceeds from the issuance have been used, together with cash on hand, to satisfy and discharge today and subsequently redeem on April 1, 2025 in full the Existing Notes and to pay all fees and expenses in connection with the foregoing.
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About Viridien
Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).