on LAGARDERE (EPA:MMB)
Lagardère Group Successfully Launches €500 Million Bond Issue
The Lagardère group announced the successful launch of a €500 million bond issue set to mature in June 2030. Offering an annual coupon of 4.75%, the bond was met with strong demand, being oversubscribed over threefold. This indicates robust investor confidence in Lagardère's financial health and business strategies.
The capital raised will support general corporate objectives, most notably the repayment of a bridge facility from the June 2024 refinancing. This move is strategic for Lagardère SA as it aids in extending the company's debt maturity profile.
The deal was coordinated by major financial institutions, including BNP Paribas, Crédit Agricole CIB, and Natixis, among others. This diverse consortium highlights the transaction's significance within the financial sector.
R. E.
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