Share Issue/Capital Change • Oct 5, 2016
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
Along with other recent strategic and financial initiatives, company further improves its operational and financial flexibillty
Saint-Denis, 5 October 2016 – EuropaCorp, one of the leading independent film studios in Europe, announced today \$30 million of additional capital provided by Vine Alternative Investments. The \$30 million was structured as an increase to EuropaCorp's existing second lien credit facility and is available immediately.
Alongside the upsize of the second lien facility, the company amended its senior credit facility led by JP Morgan to provide increased flexibility and reduce the overall financing costs to EuropaCorp for the senior credit facility.
This transaction, along with last week's announcements of EuropaCorp raising €60 million of new equity from Fundamental Films and entering advanced negotiations with Cinémas Gaumont Pathé to sell EuropaCorp's multiplex operations, significantly improves EuropaCorp's ability to execute its strategy of producing and distributing films and television series with global appeal.
December 2016: 2016/2017 Half-year results
EuropaCorp is one of Europe's leading film studios. Founded in 1999, EuropaCorp has operations spanning production, theatrical distribution, video and VOD, and French TV sales. EuropaCorp also has international rights, partnerships and licensing, production and soundtrack publishing activities. The Group has also been producing TV series since 2010. EuropaCorp's integrated business model allows it to benefit from diversified sources of revenue. With a line-up boasting various types of films and a very strong foothold in international markets, the Group has produced France's biggest international hits in recent years. In 2014, EuropaCorp formed the joint venture RED to self-distribute its films in the United States. EuropaCorp was founded by French filmmaker, screenwriter and producer Luc Besson. The Group owns a catalogue of 500 movies and has 150 permanent employees.
For more information, go to www.europacorp-corporate.com
Vine was founded in 2006 as a specialized asset manager that focuses on unique, non-correlated investment opportunities in the media and entertainment sector.
Since its founding, Vine has committed more than \$700 million to investments in assets backed by major motion pictures, television, and other content, and has become a leading provider of liquidity and capital to the media and entertainment industries.
EuropaCorp Group Pierre-André Junne | Investor Relations | [email protected] Régis Lefèbvre | Communication | [email protected] Tel: +33 1 55 99 50 00 Financial communication NewCap | Julie Coulot | [email protected] | +33 1 44 71 20 40
EuropaCorp is listed in Compartment C of Euronext Paris ISIN code: FR0010490920 – Ticker: ECP
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.