Lagardère SA fully repays its €465 million government-backed loan prior to maturity

Category

Corporate & other activities, Finance

Paris, 8 December 2021, 5.35 p.m.

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 outlook3 and confirmed a solid liquidity position, at €1.9 billion as of 30 September 20214.

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.

Press Contact

Ramzi Khiroun - Tel. +33 1 40 69 16 33 - rk@lagardere.fr

Anne Méaux - Tel: +33 6 89 87 61 76

Emmanuel Rapin - Tel. +33 1 40 69 17 45 - erapin@lagardere.fr

Alima Lelarge Levy - Tel. +33 1 40 69 19 22 - alelargelevy@lagardere.fr

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

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