Kinepolis : realizes a private placement of bonds for a total value of € 125 million
December 05, 2017 at 06:53 am EST
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5 December 2017
Kinepolis Group has successfully concluded a private placement of bonds with institutional investors amounting to € 125 million, of which € 60 million were placed with a maturity of 8 years and € 65 million with a maturity of 10 years. The market demand was significantly higher than the targeted amount of € 125 million, which demonstrates once again the confidence of the market regarding the strategy pursued by Kinepolis.
The placement fits in with Kinepolis' cautious financial strategy to finance its investments on the long term and, as such, ensure cash flow matching. The placement will be used to support the expansion of Kinepolis, with the acquisition of Landmark Cinemas Canada and the construction of new complexes in various countries, the renovation of acquired cinemas, investments in new experience concepts and other investments, such as future acquisitions.
Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. Kinepolis Group NV currently has 48 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management. More than 2,300 employees are committed each day to providing millions of cinema visitors an unforgettable movie experience.
Kinepolis Group NV published this content on 05 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 December 2017 11:51:07 UTC.
Original documenthttps://corporate.kinepolis.com/en/press-releases/kinepolis-group-realizes-private-placement-bonds-total-value-eu-125-million
Public permalinkhttp://www.publicnow.com/view/81F1FD7643B604FDF0B167F74E58435BB62886D0
Kinepolis Group NV specializes in operating multiplex movie theaters. The activity is organized around 3 areas:
- operation of cinema multiplexes: sale of tickets, confectionery, and beverages, sale of advertising space, event organization, etc. At the end of 2023, the group has a network of 109 cinemas in Belgium (11), Canada (36), the Netherlands (19), France (18), the United States (10), Spain (10), Luxembourg (3), in Switzerland and Poland;
- leasing of commercial spaces: restaurants, outlets, etc.;
- other: cinematographic distribution and production, and technical services (primarily technical assistance and projector maintenance; Decatron).