LAGARDERE (EPA:MMB) - Reduction of the amount of the bond issue due 2023
Transparency directive : regulatory news
05/10/2021 17:35
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PRESS RELEASE
Paris, 5 October 2021
Reduction of the amount of the bond issue due 2023
As indicated on 30 September at the time of launch of a EUR500m bond issue due
October 2027, part of the proceeds of this bond issue have been used today, to
reduce by EUR150m, the EUR500m nominal amount of the outstanding bond due April
2023.
As announced, the remaining proceeds of the bond issue due 2027 are intended
for general corporate purposes, including partial repayment of the
State-guaranteed loan entered into by Lagardère SA. These transactions are
part of a prudent financial policy and aim at extending the Company's average
debt maturity profile.
Created in 1992, Lagardère is an international group with operations in more
than 40 countries worldwide. It employs some 28,000 people and generated
revenue of EUR4,439 million in 2020.
The Group focuses on two priority divisions: Lagardère Publishing (Book and
e-Publishing, Mobile and Board games) and Lagardère Travel Retail (Travel
Essentials, Duty Free & Fashion, Foodservice).
The Group?s operating assets also include Lagardère News and Lagardère Live
Entertainment. Lagardère shares are listed on Euronext Paris.
www.lagardere.com
Press Contacts
Ramzi Khiroun
Tel. +33 1 40 69 16 33
rk@lagardere.fr
Image 7 contacts
Anne Méaux
Tel: +33 6 89 87 61 76
Investor Relations Contacts
Emmanuel Rapin
Tel. +33 1 40 69 17 45
erapin@lagardere.fr
Alima Lelarge Levy
Tel. +33 1 40 69 19 22
alelargelevy@lagardere.fr