OL Groupe: refinancing of 385 ME of debt completed
The implementation of this global refinancing has already enabled OL Groupe and its subsidiary Olympique Lyonnais SASU to repay the outstanding long-term stadium debt, its RCF (Revolving Credit Facility) line and the PGE loans contracted during the Covid years.
This refinancing also enables the repayment of other subordinated long-term debt, including debt taken out with private parties.
This global refinancing is structured around two new distinct financings for Olympique Lyonnais SASU.
The first is a capital raising for a total principal amount of €320 million amortized over twenty years.
The second is an additional capital raising of €65 million with a five-year maturity (2028) from "internationally renowned foreign banks in the form of a variable-rate term loan for a total principal amount of €32.5 million repayable at maturity, and a variable-rate revolving loan for a total principal amount of €32.5 million".
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