FREY signs a €70 million solidarity-based revolving credit line with Crédit Agricole Group and supports the CUISINE MODE D'EMPLOI(S) organisation
FREY announces the signing of a €70 million five-year solidarity-based revolving credit line (with two options to extend it for an additional year) with Crédit Agricole CIB, LCL & Caisse Régionale de Crédit Agricole Mutuel du Languedoc.
This operation will both strengthen the Group’s liquidity and provide an additional source of financing for players in the solidarity economy in line with the Group’s Corporate Social Responsibility commitments.
FREY has initially chosen to support the charitable organisation of Chef Thierry Marx, CUISINE MODE D’EMPLOI(S) in its solidarity projects. These projects initiatee the reintegration, through the kitchen and catering professions, of people in a difficult financial and social situation, who have hitherto been far from employment. This commitment, which has a positive social impact, echoes other initiatives undertaken by FREY to promote access to the labour world during many years.