Compagnie des Alpes refinances its RCF syndicated loan for 300 million euros – 06/24/2022 at 09:19


(AOF) – Compagnie des Alpes has entered into a new syndicated revolving credit agreement for a maximum amount of 300 million euros. This RCF (Revolving Credit Facility) line replaces the existing line concluded on May 7, 2014 and modified by amendments in 2017 and 2019 for an amount of 250 million euros and which expired on May 6, 2023.

This new credit agreement, entered into with BNP Paribas, Groupe BPCE, Crédit Agricole Group, CM-CIC Group, Société Générale and La Banque Postale, has a maturity of 5 years, plus two extension options of one year each at hand of the lenders (5+1+1 format).

In line with the commitments made by the group in terms of social and environmental responsibility, in particular the objective of achieving 0 net carbon by 2030, two CSR performance indicators are integrated into this RCF line: CO2 emissions and safety at work.

The contract already includes the CSR framework relating to these 2 indicators, negotiated with the banking pool (definitions and calculation methodologies, scopes, rationale for the choice of indicators, historical performance, means implemented, publication commitments, etc.) . The annual reduction trajectories for these 2 indicators will be defined in January 2023.

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Small amusement parks struggling

Declining turnover, investments to be made: these players are not getting their heads above water. These parks, which welcome 100,000 to 350,000 visitors per year, had to reduce their investments following the health crisis. But every year they invest between 10% and 20% of their turnover to create something new and attract new customers from a little further away and build loyalty. Many of these players, who have gone into debt to cope with the crisis, will soon have to repay their state-guaranteed loans (PGEs). At the end of the first year, companies can decide to reimburse their PGE immediately, amortize it over 1 to 5 additional years, or mix these two solutions. Faced with a period that it considers insufficient, the National Union of Leisure, Attraction and Cultural Spaces (Snelac) is asking that the EMP be transformed into investment aid for the sector or that it be extended to 15 years.



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