De Pardieu has advised the Eureden group on its new 520 million euros financing intended to refinance its existing indebtedness, to finance future investments and new general operating needs over the next 5 years.
Based in Bretagne, Eureden is a leading co-operative agri-food group with sites in France, Spain, Hungary and Germany. Its multi-disciplinary activities include collecting and developing the agricultural productions of cooperative farmers, processing and marketing a wide variety of products (vegetables and ready-made meals, frozen food, meats, egg products) as well as distributing garden, pet and DIY products. The Eureden Group supports more than 17,000 farmer-members and generated a turnover of around 3.8 billion euros in 2024.
The financing package comprises a term loan, an investment credit line and a revolving credit line. It simplifies the Group’s debt structure, with a sizing adapted to the pursuit of its strategy of performance and investment in transitions. It is supported by Eureden’s long-standing partner banks and a new Spanish bank, reflecting the Group’s international dimension.
In line with the previous syndicated facility, this financing is indexed to CSR criteria, with objectives to reduce greenhouse gas emissions, develop alternative solutions to crop protection products and support the installation of new farmers.