Lyon, 20 May 2016

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).

The bonds subscribed to by Vinci were guaranteed by Greater Lyon up to a principal amount of €40 million and by a purchase commitment granted by Pathé covering 40,000 bonds (the “Purchase Commitment”).

Pathé benefited, in parallel, from a sale commitment, granted by Vinci and pertaining to the bonds subscribed to by Vinci (the “Sale Commitment”).

On 16 December 2015, following Pathé's partial exercise of the Sale Commitment, OL Groupe announced that Vinci had sold an initial tranche of 40,000 bonds to Pathé, corresponding to those subject to the Purchase Commitment.

On 19 May 2016, Pathé exercised the Sale Commitment for the remaining bonds subscribed to by Vinci, i.e. 40,000 bonds. As a result, Vinci no longer holds any bonds.

 
OL Groupe
Tel: +33 (0)4 81 07 55 00
Fax: +33 (0)4 26 29 67 18
Email: dirfin@olympiquelyonnais.com
www.olweb.fr
 
 		  
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Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-44365-OLG-200516-Pathe-cessions-obligations-Vinci-GB.pdf
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