Press releases
Euro 2.2 BN multicurrency credit facility
Finance
Paris, June 24, 2005
Lagardère SCA has signed a € 2.2 billion multicurrency credit facility for general corporate purposes. This facility replaces the existing € 1.35 bn facility dated 2001 and the € 700 million facility dated 2003.
The syndication was launched at € 2 billion, then increased to € 2,2 billion after oversubscription.
The new facility has a 5 year maturity with two one-year extension options exercisable at Lagardère’s request with the bank’s approval at the end of the 1 st and 2 nd years. The initial spread is 0.20% and the initial commitment fee is 0.06%. The new facility provides better financial terms for Lagardère than the previous facility.
The syndication include 22 banks:
- 8 Mandated Lead Arrangers including 4 bookrunners (BR): Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas (BR), Calyon (BR and Agent), Citibank International plc (“Citigroup”) (BR), HSBC CCF (BR), J.P Morgan plc, Natexis Banques Populaires and SG Corporate & Investment Banking.
- 4 Arrangers : CIC Credit Mutuel, ING, Mediobanca and Mizuho.
- 10 Co-Arrangers : ABN Amro, Bank of China, Barclays, Bayerische Landesbank, CADIF, Deutsche Bank, Dresdner, IXIS-CIB, HypoVereinsbank, and Morgan Stanley.
The Lagardère group is a market leader in the media sector (books, press, audiovisual, and distribution/retailing of cultural products). The group also has interests in the high technology sector via a 15.10% interest in EADS.
The group posted revenues of €13,389.4m in 2004, and employs 43,000 people in over 40 countries.
The Lagardère group is listed on the Premier Marché of the Paris Bourse.
Press Contacts:
Thierry Funck-Brentano - Tel. 33 1 40 69 16 34 - tfb@lagardere.fr
Arnaud Molinié - Tel. 33 1 40 69 16 72 - amolinie@lagardere.fr
Investor Relations Contact:
Laurent Carozzi - Tél. 33 1 40 69 18 02 - lcarozzi@lagardere.fr
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