The new facilities comprise a drawn term loan of €50 million ($58.73m) to refinance existing senior debt of €10 million ($11.75m) and repay shareholder loans of €40 million ($46.99m); an undrawn capex facility of €50 million to fund DCU’s expansion plans through growth capex and bolt-on acquisitions; and a revolving credit facility and ancillary facilities totalling €20 million ($23.49m) for working capital and other general corporate purposes. As a result of the repayment of shareholder loans, Cordiant will receive a cash distribution of €15 million ($17.62m) for its 37.4 percent stake in DCU, which will be used primarily to repay part of the investment firm’s revolving credit facility at the holding company level.