By Rebecca Melvin
New York, Aug. 23 - Olympique Lyonnais Groupe SA priced €80,250,200 of 10-year mandatory convertible bonds at €100 par, of which shareholders ICMI and Pathe have subscribed for a total number of 749,835 bonds, or €74,983,500, according to a news release.
ICMI will have subscribed for 328,053 bonds and Pathe for 421,782 bonds.
Proceeds of the Regulation S offering are earmarked to finance a new stadium for the football and soccer club and to refinance expenses incurred within the project of which €9.8 million will be used to repay shareholder loans granted by Pathe and ICMI.
The issue was led by Societe Generale CIB acting as lead manager and bookrunner and by CM-CIC Securities and Credit Agricole CIB acting as co-lead managers.
The bonds mature July 1, 2023, with early redemption subject to certain conditions.
Lyon, France-based Olympique Lyonnais is a football and soccer club.
| Issuer: | Olympique Lyonnais Groupe SA
|
| Issue: | Mandatory convertible bonds
|
| Amount: | €80.25 million
|
| Maturity: | July 1, 2023
|
| Bookrunner: | Societe Generale CIB
|
| Co-managers: | CM-CIC Securities, Credit Agricole CIB
|
| Par: | €100
|
| Settlement date: | Aug. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
