France Épargne Corporate
Structured finance for companies
France Épargne Corporate connects companies seeking to finance €20m or more with the private debt funds whose ticket size, instruments and sectors match their case. Outstanding financing of French non-financial corporations reaches €2,196bn at the end of August 2026.
Financing of French companies in 2026
- €2,196bn
- outstanding financing of French non-financial corporations at the end of August 2026 (+4.0% year on year)
- €759bn
- outstanding market financing at the end of August 2026 (+4.4% year on year)
- 3.73%
- average cost of new financing for non-financial corporations in August 2026
Structures
Financing structures
Syndicated loan and club deal
Amortising or bullet term loan, revolving credit facility, acquisition facility.
Private placement
Euro PP and Schuldschein subscribed by institutional investors.
Asset-based financing
Asset-based lending, receivables financing, inventory financing, real estate sale and leaseback.
Acquisition finance
Senior, unitranche or mezzanine acquisition debt for an add-on acquisition or a build-up.
Acquisition financeLBO financing
Senior debt, unitranche, mezzanine and PIK tranches for an LBO, an OBO or an MBO.
LBO financing
Market
Outstanding amounts and cost of corporate financing
| Financing | Outstanding | Annual growth | Cost of new financing |
|---|---|---|---|
| Bank credit | €1,437.1bn | +3.8% | 3.66% |
| Market financing | €759.1bn | +4.4% | 3.87% |
| Total | €2,196.2bn | +4.0% | 3.73% |
Provisional data for August 2026.
| Size | Outstanding | Annual growth | Cost of new loans | Cost in August 2025 |
|---|---|---|---|---|
| SMEs | €550.3bn | +2.2% | 3.71% | 3.39% |
| Mid-caps | €398.8bn | +0.8% | 3.74% | 3.59% |
| Large companies | €238.8bn | +6.1% | 3.40% | 3.02% |
Questions
Frequently asked questions
- How much financing do French companies have outstanding?
- Outstanding financing of French non-financial corporations reaches €2,196.2bn at the end of August 2026. Bank loans account for €1,437.1bn and market financing for €759.1bn.
- What does new financing cost French companies?
- The average cost of new financing for non-financial corporations stands at 3.73% in August 2026. It is 3.66% for bank loans and 3.87% for debt securities issued.
- How fast is bank lending to mid-caps growing?
- Outstanding bank loans to mid-caps reach €398.8bn at the end of August 2026. They rose by 0.8% year on year.
- From what amount can a company request an introduction for structured finance?
- France Épargne Corporate introduces companies whose financing need reaches €20m or more to private debt funds.
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