Brief: Pierre Et Vacances: New Financing Of Up To EUR 300 Million

Pierre Et Vacances SA

11/05/2021 07:31

May 11 (Reuters) - PIERRE ET VACANCES SA  PVAC.PA :
    * ANNOUNCED ON MONDAY SIGNING OF BINDING OFFER WITH CERTAIN
OF
GROUP'S EXISTING FINANCIAL PARTNERS IN ORDER TO PROVIDE NEW
MONEY FINANCING UP TO EUR 300 MILLION
    * OFFER SIGNED WITH GROUP'S EXISTING BANKING PARTNERS,
EUROPP 2022
AND 2025 HOLDERS, AND ORNANE HOLDERS
    * FINANCING WILL MAINLY BE USED TO MEET CO'S SHORT-TERM
NEEDS IN
RELATION TO ITS ACTIVITIES AND OPERATIONAL CONSTRAINTS PENDING
COMPLETION OF EQUITY STRENGTHENING TRANSACTION
    * NEW MONEY FINANCING WILL CONSIST OF TWO SUCCESSIVE
TRANCHES

Source text for Eikon:  ID:nBw3w02Kva 
Further company coverage:  PVAC.PA 

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