Lyon, 18 December 2020
Following a preliminary agreement from bank and bond lenders, OL subscribed to a €76.4 million "PGE" (loan guaranteed by the French government) on 18 December 2020, with a maturity of 12 months. At the end of that period, the Group can exercise a 1-5-year amortisation option.
In the context of the current Covid-19 crisis, this new financing will strengthen the Group's available cash and give the Group the flexibility it needs to plan its future development with confidence.
* On 23 July 2020, OL Groupe subscribed to a PGE of €92.6 million, with a maturity of 12 months. At the end of that period, the Group can exercise a 1-5-year amortisation option.
Next press release: Revenue for the first half of 2020/21 on 16 February 2021 after Euronext markets close.
| OL Groupe Tel.: +33 4 81 07 55 00 Fax: +33 4 81 07 45 65 Email: investisseurs@ol.fr www.ol.fr | Euronext Paris - Segment B Indices: CAC Small - CAC Mid & Small - CAC All-Tradable - CAC All-Share - CAC Consumer Discretionary ISIN code: FR0010428771 Reuters: OLG.PA Bloomberg: OLG FP ICB: 5755 Recreational services |
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https://www.actusnews.com/documents_communiques/ACTUS-0-66558-olg-181220-signature-pge-saison-gb.pdf
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