Brief: French casino group Partouche sets up new loan facility

Groupe Partouche SA

21/10/2019 06:06

Oct 21 (Reuters) - Groupe Partouche SA  PARP.PA :
    
    * Groupe Partouche announces that it has set up a syndicated
refinancing loan with a 6-year maturity, as well as a revolving
credit line with the same maturity for a total amount of € 80 M.
    * The Group will refinance itself with a bank pool of six
partners.
    * Groupe Partouche will also issue a € 35 M EuroPP bond with
a maturity of 7 years to a well-known European institutional
investor.
    * operations will enable the Group to extend the average
maturity of its debt, to reduce its financial expenses and to
execute an early application of its safeguard plan.

 ((sudip.kargupta@thomsonreuters.com;))