COMPAGNIE DES ALPES (EPA:CDA) - CDA - Set up a Seasonal GBL

Transparency directive : regulatory news

23/12/2020 17:50

Press Release

COMPAGNIE DES ALPES SETS UP A SEASONAL GOVERNMENT-BACKED LOAN FOR
EUR269,000,000

Paris, December 23, 2020 - Compagnie des Alpes announces the signing of a
seasonal government- backed loan (Seasonal GBL(1)), in addition to the first
GBL for EUR200 M announced on June 19, 2020.

This transaction was conducted with the Group's traditional banking partners,
already present in the EUR250 M RCF, which thus renew their confidence in the
Group.

This Seasonal GBL is intended to reinforce the liquidity position of Compagnie
des Alpes against the backdrop of the health crisis related to the Covid-19
pandemic.

The latest EUR269 M loan is provided for an initial duration of 12 months, a
term that may be extended once at the discretion of the Group, from one to five
years. This brings the maximum term of the loan to six years as of its signing
date. It is 90% guaranteed by the French government.

The funds will be available before the end of 2020.

The loan agreement has been aligned with the existing wording of the RCF and
for first GBL for EUR200 M that the Group obtained earlier.

Compagnie des Alpes was advised by Herbert Smith Freehills Paris LLP. Société
Générale served as coordinator and credit agent, and Allen & Overy advised
the banks.

In the environment of crisis created by the Covid-19 crisis, the Group faces
many uncertainties which makes assessing the various impacts on Group results
over the short to medium term extremely complicated. These impacts will depend
on multiple factors, in particular the date on which our businesses will be
able to reopen, preventive measures enacted by the governments in countries
where the Group operates, and the impact that this crisis will have short term
on consumer behavior.

(1) The PGE Saison (Seasonal GBL) is one of the measures announced by the
government designed to support the French tourist industry. It's a
government-backed loan with more advantageous conditions than a traditional
government-backed loan. For example, while the amount of a traditional GBL is
25% of 2019 sales, the Seasonal GBL is based on the three best months of
2019.

Upcoming events:
* 1Q 2020/2021 Sales: Thursday, January 21, after stock market closes
* Shareholders' Meeting: Thursday, March 25, morning
* 2Q 2020/2021 Sales: Thursday, April 22, after stock market closes
* 1H 2020/2021 Results: Wednesday, May 26, after stock market closes

www.compagniedesalpes.com

Since it was founded in 1989, Compagnie des Alpes (CDA) has established itself
as an uncontested leader in the leisure industry. Today, the Group operates 11
prestigious ski resorts and 13 renowned leisure parks, using an integrated
approach that combines operational excellence and quality to achieve the Very
High Satisfaction of its customers but also the local communities in which it
is present. Compagnie des Alpes also exports its expertise, offering consulting
and assistance services to projects in diverse regions around the world.
Compagnie des Alpes has, in addition, leveraged its expertise to adapt to
changing patterns of consumption: an active force in the renovation of mountain
lodging, it has also developed a network of real estate agencies, is developing
its own thematic hotels adjacent to its parks with nationwide appeal and, since
2018, is the number 1 tour operator specializing in the online sale of ski
holiday packages in France. Over the course of the financial year ended
September 30, 2020, the Group welcomed more than 16.5 million guests and
generated sales of EUR615.6 M.
With nearly 5,000 employees, Compagnie des Alpes works with its partners to
build projects that generate unique experiences, the opposite of a standardized
concept. Exceptional leisure activities for everyone.
- Ski Areas operated by CDA: La Plagne, Les Arcs, Peisey-Vallandry, Tignes, Val
d?Isère, Les Menuires, Méribel, Serre Chevalier, Les Deux Alpes, Flaine,
Samoëns ? Morillon - Leisure Parks operated by CDA: In France: Parc Astérix,
Futuroscope, Walibi Rhône-Alpes, Grévin Paris, France Miniature; in Belgium:
Walibi Belgium, Aqualibi, Bellewaerde, Bellewaerde Aquapark; in the
Netherlands: Walibi Holland; in Switzerland: Chaplin?s World; in Austria:
Familypark; in Canada: Grévin Montréal.

CDA is included in CAC All-Shares, CAC All-Tradable, CAC Mid & Small,
and CAC Small.
ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational services

CONTACTS:

Compagnie des Alpes :

Denis HERMESSE
+33 1 46 84 88 97
denis.hermesse@compagniedesalpes.fr

Sandra PICARD
+33.1 46 84 88 53
sandra.picard@compagniedesalpes.fr

Alexis d'ARGENT
+33 1 46 84 88 79
alexis.dargent@compagniedesalpes.fr

Corpus :

Xavier YVON
+33.6 88 29 72 37
xavier.yvon@corp-us.fr

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