FRANCE - Tarkett recently announced it has obtained €245 million of additional financing. This reinforces an already solid level of liquidity.

Tarkett has set up a €175 million short term revolving credit facility with a one-year maturity, extendable by six months at the Group’s discretion, then by another six months at the banks’ discretion.

This new line comes together with a €70 million loan, granted within the “PGE” framework (guaranteed by the French State). This one-year maturity loan benefits from an extension option ranging from one to five years and is set-up with the seven banks of the deal.

In this unprecedented context, Tarkett is pleased to rely on its banking partners who have renewed their confidence in the Group.

With a history of 140 years, Tarkett is a worldwide leader in innovative flooring and sports surface solutions, with net sales of €3 billion in 2019. Offering a wide range of products including vinyl, linoleum, rubber, carpet, wood, laminate, artificial turf and athletics tracks, the Group serves customers in over 100 countries across the globe.

Tarkett has 12,500 employees and 33 industrial sites and sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields.