Brief: Rallye Contracted Total Of EUR 231 Mln Structured Financing Arrangements

Finatis SA

12/07/2019 17:35

July 12 (Reuters) - RALLYE SA  GENC.PA :
    * HAS CONTRACTED A TOTAL OF 231 MILLION EUROS (NET OF CASH-COLLATERAL) STRUCTURED FINANCING
ARRANGEMENTS WITH CERTAIN FINANCIAL INSTITUTIONS
    * STRUCTURED FINANCING ARRANGEMENTS IN FORM OF PREPAID FORWARDS AND EQUITY SWAPS
    * AS OF DATE HEREOF, NONE OF FINANCIAL INSTITUTIONS HAVE EXERCISED ANY OF THESE PLEDGES AND
THERE
IS NO ONGOING LEGAL PROCEEDINGS
    * STRUCTURED FINANCING ARRANGEMENTS SECURED BY PLEDGES OVER 9.5 MILLION CASINO SHARES, I.E.
8.7%
OF CASINO SHARE CAPITAL
    * IT IS REMINDED THAT ALL MANDATORY PREPAYMENT PROVISIONS INCLUDED IN RALLYE'S BANKING
DOCUMENTATIONS HAVE BEEN FROZEN FOR DURATION OF SAFEGUARD PROCEEDINGS
    * IN EVENT ALL OF THEM WERE EXERCISED, RALLYE'S STAKE IN CASINO WOULD AMOUNT TO 43.6% OF
SHARE
CAPITAL AND 53.2% OF VOTING RIGHTS

Source text for Eikon:  ID:nBw19WPqZa 
Further company coverage:  GENC.PA 

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