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Cromology :
ƽ reinvests €125 million in conjunction with the renegotiation of Cromology’s debt

Published : 24.07.2019
#News

On May 13, 2019, ƽ signed an agreement to renegotiate the financial debt of Cromology, one of Europe’s leaders in decorative paints, successfully capping a process initiated in Q4 2018. ƽ will reinvest €125 million in equity alongside the new management team.

The new equity contributed by ƽ will strengthen Cromology’s financial structure, in particular by lightning its debt burden through the early repayment of €75 million in senior debt. The new equity will also enable the company to implement its transformation plan and finance its investments.