(CercleFinance.com) – OL Groupe announces the finalization of the refinancing of the majority of its debt and that of its subsidiary Olympique Lyonnais SASU for a total amount of €385 million.
The implementation of this global refinancing has already enabled OL Groupe and its subsidiary Olympique Lyonnais SASU to repay the outstanding long-term ‘stadium’ debt, its RCF (Revolving Credit Facility) line and PGE loans taken out during the Covid years.
This refinancing also makes it possible to repay other long-term subordinated debts, including debts taken out with private parties.
This global refinancing is structured around two new separate financings for the benefit of Olympique Lyonnais SASU.
The first is fundraising for a total principal amount of €320 million, amortizable over twenty years.
The second, an additional fundraising of 65 ME with five years of maturity (2028) from internationally renowned foreign banks in the form of a variable rate term loan for a total principal amount of 32.5 ME repayable in fine and a revolving loan at variable rate for a total principal amount of €32.5 million.
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