Faiveley Transport Extends the Maturity of its Bank Debt and Strengthens its Financial Flexibility

GENNEVILLIERS, France - Wednesday, September 14th 2011 [ME NewsWire]

(BUSINESS WIRE)-- Faiveley Transport (Paris:LEY) announces that on 27 July 2011 an amendment to the syndicated facility established in December 2008 was signed. This amendment was unanimously granted by the nine participating banks, renewing their trust in the Group’s credit worthiness.

The total amount of debt financing remains identical, with an amortising term loan of € 343 million (amount at the end of June 2010) and a revolving facility of € 49 million.

The main amendments were as follows:

the extension of credit maturity by 2.5 years, to 23 June 2016, instead of 23 December 2013
a more favourable amortisation profile, with mandatory annual repayments of € 35 million, compared to € 49 million previously
new covenants providing additional flexibility, with maximum leverage (Net Debt / Equity) and gearing (Net Debt / Equity) ratios of 2.5x and 150%, respectively
the extended use of the revolving facility to fund acquisitions
the release of securities on shares of operating subsidiaries

This refinancing transaction was carried out with favourable financial conditions and will allow the Group to benefit from increased financial flexibility over the next five years, to continue its development, both through organic growth and mergers and acquisitions.

FAIVELEY TRANSPORT

3, rue du 19 mars 1962 - 92230 Gennevilliers

www.faiveleytransport.com

Contacts

Faiveley Transport

Guillaume Bouhours,

+33 (0)148136500

Financial Director