PARIS--(BUSINESS WIRE)--Regulatory News:
Lagardère (Paris:MMB) successfully launched today a €300m, 7-years (due
in June 2024) bond issue, with an annual coupon of 1.625%.
The
order book reached an amount above €1 billion, more than 3.3 times
oversubscribed.
The success of the launch of this bond issue
illustrates the investors’ confidence in the Lagardère group’s strategy
and in the soundness of the company’s financial profile. The coupon of
1.625% is the lowest one ever printed by the company since it started to
issue on the European bond market in 2009.
The proceeds of this issue are intended to be used for general corporate purposes, and notably the reimbursement of the bond issued in 2012 and due in October 2017.
This new bond issue will enable Lagardère to lengthen the maturity of its debt profile, to decrease Lagardère’s cost of long term debt and to maintain its liquidity.
Crédit Agricole CIB and Natixis are acting as global coordinators on this bond issue, alongside with Commerzbank and ING acting as bookrunners.
The Lagardère group is a global leader in content publishing,
production, broadcasting and distribution, whose powerful brands
leverage its virtual and physical networks to attract and enjoy
qualified audiences.
It is structured around four business
lines: Books and e-Books; Travel Retail; Press, Audiovisual, Digital and
Advertising Sales Brokerage; Sports and Entertainment.
Lagardère
shares are listed on Euronext Paris.
www.lagardere.com
Important Notice:
Some of the statements contained
in this document are not historical facts but rather are statements of
future expectations and other forward-looking statements that are based
on management’s beliefs. These statements reflect such views and
assumptions prevailing as of the date of the statements and involve
known and unknown risks and uncertainties that could cause future
results, performance or future events to differ materially from those
expressed or implied in such statements.
Please refer to the
most recent Reference Document (Document de référence) filed by
Lagardère SCA with the French Autorité des marchés financiers for
additional information in relation to such factors, risks and
uncertainties.
Lagardère SCA has no intention and is under
no obligation to update or review the forward-looking statements
referred to above. Consequently Lagardère SCA accepts no liability for
any consequences arising from the use of any of the above statements.
