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Lagardère S.A. — Capital/Financing Update 2021
Dec 8, 2021
1469_iss_2021-12-08_d241eaf4-d226-4a8c-b8ee-866e2da7b924.pdf
Capital/Financing Update
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Paris, 8 December 2021, 5.35 p.m.
Lagardère SA fully repays its €465 million government-backed loan prior to maturity
In line with its active and prudent financial strategy, Lagardère SA has today repaid in full the €465 million government-backed loan contracted on 31 December 20201.
As previously announced2, the repayment was made by using the remaining proceeds of the €500 million bond issue maturing in 2027, which was successfully placed in October 2021.
This repayment takes place at a time when the Group, driven by an excellent performance from Lagardère Publishing and continued improvement in sales at Lagardère Travel Retail, upgraded its 2021 profitability outlook 3 and confirmed a solid liquidity position, at €1.9 billion as of 30 September 20214.
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 €4,439 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 Contact
| Ramzi Khiroun | Tel. +33 1 40 69 16 33 | [email protected] |
|---|---|---|
| Image 7 Contact | ||
| Anne Méaux | Tel. +33 6 89 87 61 76 | |
| Investor Relations Contacts | ||
| Emmanuel Rapin | Tel. +33 1 40 69 17 45 | [email protected] |
| Alima Lelarge Levy | Tel. +33 1 40 69 19 22 | [email protected] |
1 See press release of 4 January 2021 "Lagardère secures and strengthens its liquidity position".
2 See press release of 30 September 2021 " Successful launch of the bond issue " and of 5 October 2021 "Reduction of the amount of the bond issue due 2023".
3 See press release of 28 October 2021 "Third quarter 2021 revenues: the Lagardère group steps up the pace of its recovery and confirms its development ambitions".
4 Including €1.1 billion undrawn amount on the revolving credit facility.