Lyon, 6 May 2011
In line with the FINANCIAL strategy indicated when full-year 2009/10 results were announced, Olympique Lyonnais SASP has finalised a syndicated line of credit with Crédit Lyonnais and the CM-CIC group as mandated arrangers and BNP Paribas as arranger. The other participants are Société Générale, HSBC, Natixis and Banque Populaire Loire et Lyonnais.
The total amount of the confirmed line is €57 million for three years with an OPTION to extend for one year. This facility replaces the bilateral agreements currently in place. It will give Olympique Lyonnais SASP the resources it needs to pursue its strategy.
OL Groupe is pleased that this agreement, which reflects the confidence of OL's banking partners and will meet the Group's medium-term financing needs, has been signed. The facility has a longer maturity and gives OL additional flexibility in pursuing its business development projects.
The new stadium project will be separately financed. The related study is currently in progress.
Forthcoming press release: 3rd quarter 2010/11 revenue on 11 May 2011, after the market close.
OL Groupe Laurence Morel Garrett Tel: +33 (0)4 26 29 67 33 Fax: +33 (0)4 26 29 67 13 E-mail: dirfin@olympiquelyonnais.com www.olweb.fr |
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