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BRIEF-Pierre Et Vacances: New Financing Of Up To EUR 300 Million

05/11/2021 02:31
BRIEF-Pierre Et Vacances: New Financing Of Up To EUR 300 Million

- PIERRE ET VACANCES SA PVAC.PA:

  • ANNOUNCED ON MONDAY SIGNING OF BINDING OFFER WITH CERTAIN OF GROUP'S EXISTING FINANCIAL PARTNERS IN ORDER TO PROVIDE NEW MONEY FINANCING UP TO EUR 300 MILLION

  • OFFER SIGNED WITH GROUP'S EXISTING BANKING PARTNERS, EUROPP 2022 AND 2025 HOLDERS, AND ORNANE HOLDERS

  • FINANCING WILL MAINLY BE USED TO MEET CO'S SHORT-TERM NEEDS IN RELATION TO ITS ACTIVITIES AND OPERATIONAL CONSTRAINTS PENDING COMPLETION OF EQUITY STRENGTHENING TRANSACTION

  • NEW MONEY FINANCING WILL CONSIST OF TWO SUCCESSIVE TRANCHES

Source text for Eikon: ID:nBw3w02Kva

Further company coverage: PVAC.PA


(Gdansk Newsroom)

(([email protected]; +48 58 769 66 00 ;))