Lagardère SCA announces the signature of a €1.25 billion multicurrency syndicated credit facility for general corporate purposes. This facility replaces the previous €1.645 billion facility, signed in 2011.
The new facility has a 5 year maturity (with two one-year extension options). This achievement highlights the confidence our bank partners have on the financial profile and the prospects of the Group.
The syndication includes 15 banks:
- 5 Bookrunners: BNP Paribas, Crédit Agricole CIB, HSBC France, Natixis, Société Générale CIB ;
- 3 Mandated Lead Arrangers: Commerzbank, ING, JP Morgan;
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7 Arrangers: Banco Santander, Barclays, Crédit Agricole d'Ile de France, Citibank, Crédit Lyonnais, Mizuho, Unicredit.
This new syndicated credit facility allows the Group to bolster its liquidity profile while decreasing the average cost of debt.
- Thierry FUNCK-BRENTANO - tel. +33 1 40 69 16 34 - tfb@lagardere.fr
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Ramzi KHIROUN - tel. +33 1 40 69 16 33 - rk@lagardere.fr
- Anthony MELLOR - tel. +33 1 40 69 18 02 - amellor@lagardere.fr
It is structured around four business lines: Books and e-Books; Travel Retail and Distribution; Press, Audiovisual, Digital and Advertising Sales Brokerage; Sports and Entertainment. Lagardère shares are listed on Euronext Paris.
www.lagardere.com
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