Accor secures its cash-flow

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Published on 18/05/20 - Updated on 17/03/22


New credit line negotiated with a consortium of 5 banks. This reserve gives the Group a total of 40 months of cash reserves.

BNP Paribas, Crédit Agricole CIB, Crédit Industriel et Commercial, Natixis and Société Générale have granted an additional €560 million line of credit to Europe's leading bank over 12 months with two 6-month renewal options.

Its liquidity reserves now amount to €4 billion, broken down as follows:

  • "€2.5bn available cash at-hand as of end-March 2020
  • €1.2bn RCF signed in July 2018 - undrawn
  • €0.56bn as per the new RCF - undrawn"

This reserve will secure the operation of the group, which, like all professionals in the sector, had already put in place a savings plan.



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