Ol Groupe : PRESS RELEASE

Lyon, 16 December 2015
 

In the context of the financing of the new stadium, OL Groupe had announced on 27 July 2013 that Foncière du Montout, its subsidiary, had signed bond financing agreements totalling €112 million, including €80 million with the Vinci group, and €32 million with the Caisse des Dépôts et Consignations (CDC).

Vinci benefits from a repayment guarantee from the Rhône département on a principal amount of €40 million and from a purchase commitment from Pathé ensuring that Vinci will receive, in the event of failure on the part of Foncière du Montout, a principal amount of €40 million plus, in particular, any unpaid interest on all bonds issued to Vinci. Pathé benefits, in parallel, from a sale commitment, granted by Vinci and pertaining to the bonds subscribed to by Vinci (see the update to the registration document filed under number D12-0951 with the French Financial Markets Authority, published on 29 July 2013).

On 14 December 2015, Vinci sold 40,000 bonds with a par value of €40 million to Pathé, following Pathé's exercise of the sale commitment granted by Vinci. The transferred bonds are those subject to the purchase commitment granted by Pathé.