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Gaumont's refinancing: CMS Bureau Francis Lefebvre advisor to the lead managers

19/11/2014

Gaumont has successfully completed a two-stage bond borrowing:

  • one for €35,000,000 bearing interest at 4.75% p.a. and maturing on 15 November 2021; and
  • the other for €15,000,000 bearing interest at 5.125% p.a. and maturing on 15 November 2024.

Gaumont completed its issue in the form of a Euro PP private bond placement. The bonds are listed on Euronext Paris, a regulated market. This issue was carried out at the same time as the conclusion of a revolving credit agreement for a maximum amount of €80,000,000 for a term of five years.

The bond borrowing and the new syndicated credit agreement for €80,000,000 concluded on 5 November 2014 for a term of five years replace the previous credit line for €125,000,000 maturing in April 2016, which was entirely repaid on 14 November 2014.

The prospectus for the two bond issues was approved by the AMF (French financial markets authority) on 12 November 2014 under no. 14-596 and is available on the AMF website (www.amf-france.org).

For the bond issue, CMS Bureau Francis Lefebvre was advisor to the lead arranger, BNP Paribas. The CMS Bureau Francis Lefebvre team comprised Marc-Etienne Sébire, partner, Charles Tissier and Marine Froger, advisors.

The banks for the syndicated loan were advised by De Pardieu Brocas Maffei, whose team comprised Christophe Gaillard, partner and Sébastien Boullier de Branche, advisor.

Gaumont was advised by Bredin Prat, whose financing team comprised Samuel Pariente, partner, Marie-Amélie Simon and Marion Genova, advisors, and whose tax law team comprised Magali Buchert and Jean-Baptiste Frantz, advisors.


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Marc-Etienne Sébire
Partner
Paris
Charles Tissier