Capital/Financing Update • Oct 22, 2014
Capital/Financing Update
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Saint-Denis, France – October 22nd , 2014 – Following announcement made about the signing of a new credit facility, EuropaCorp announced today the closing of its USD 400,000,000 credit line, plus a USD 50,000,000 second lien credit facility and a USD 150,000,000 accordion, with a term of five years. The existing revolving Credit Facilities of EuropaCorp denominated in Euros and amounting to a maximum of approx. USD 160,000,000 have been fully repaid. EuropaCorp therefore almost triples its financing ability (x4 with the accordion).
The credit facilities consist of:
The credit facility was arranged by J.P. Morgan as Administrative Agent and Lead Bookrunner, SunTrust Bank and OneWest Bank as Joint Bookrunners and Co-Lead Arrangers. The Senior credit was undertaken by a number of major banks, among which include French Banks, in particular Natixis. EuropaCorp was advised by Jeantet (Arnaud de Senilhes) and Hogan Lovells (Sheri Jeffrey), J.P. Morgan by Morgan Lewis (Richard Pettreti).
The success of the deal illustrates the increased confidence in EuropaCorp's credit quality and financial solidity.
The facility will be used mainly to finance EuropaCorp's slate of English language movies, as well as to fund marketing and distribution costs related to these new productions that will be distributed in the U.S through the joint venture Relativity EuropaCorp Distribution.
EuropaCorp is among the top tier of European film studios. Founded in 1999, EuropaCorp's different activities include production, distribution for cinemas, home entertainment, video on-demand services, sales of TV rights for France; and following the recent opening of its first new multiplex at Roissy's 'Aéroville', the group now counts a 'Europacorp Cinemas' branch.
The group is also present in the sale of rights internationally, as well as the production and distribution of original soundtracks. Since 2010, the group has also been producing television fiction. EuropaCorp's integrated financial model generates revenues from a wide range of sources. With films from a wide range of genres and a strong presence in the international market, the group has produced some of the latest French worldwide record-breaking successes. In February 2014, EuropaCorp created a U.S. distribution and marketing joint venture together with Relativity, that allows EuropaCorp to fully control it distribution in the U.S. and maximize the visibility for its films.
EuropaCorp was founded by French director, screenwriter and producer Luc Besson. EuropaCorp's catalogue includes 500 films and the company employs 150 permanent staff members. For more information go to www.europacorp-corporate.com
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of \$2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
EuropaCorp Group Image Sept [email protected] [email protected] / [email protected] T : +33 1 55 99 50 00 T : +33 1 53 70 74 70
Fabien Wittmann – Investor Relations Estelle Guillot-Tantay / Sylvie Ruggieri
J.P. Morgan Michael Fusco [email protected] T : 212-270-5089
EuropaCorp is listed on Euronext Paris – Compartment C by NYSE Euronext ISIN: FR0010490920 – Mnemonic: ECP
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