Partial repurchase of the bond maturing in October 2014
Corporate & other activities, Finance
Paris, May 31, 2013
The Lagardère group announces that it has proceeded with the partial repurchase of the bond maturing in October 2014.
A total of €215 million was tendered in the offer made to bond holders, reducing the amount maturing in 2014 accordingly. This now amounts to €660 million.
As announced, the Group has used part of the proceeds from the disposal of its stake in EADS to reduce its debt. This partial repurchase operation also enables the Group to improve its liquidity profile.
Some of the statements contained in this document are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management’s beliefs. These statements reflect such views and assumptions as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or future events to differ materially from those expressed or implied in such statements.
Please refer to the most recent Reference Document (Document de référence) filed by Lagardère SCA with the French Autorité des marchés financiers, for additional information in relation to such factors, risks and uncertainties.
Lagardère SCA disclaims any intention or obligation to update or review the forward-looking statements referred to above. Consequently, Lagardère SCA is not responsible for any consequences that could result from the use of any of the above statements.
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Lagardère is a world-class pure-play media group (Book and e-Publishing; Press, Audiovisual, Digital and Advertising Sales Brokerage; Travel Retail and Distribution; Sport Industry and Entertainment).
Lagardère shares are listed on Euronext Paris.
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