Francaise des Jeux gets €380 million floating-rate syndicated loan

By Sarah Lizee

Olympia, Wash., April 2 – Francaise des Jeux announces that it has taken out a €380 million floating-rate syndicated loan.

The company will use the loan to finance payment to the French state of the financial consideration to secure its exclusive 25-year rights to operate lottery games at points of sale and online and sports betting at points of sale, according to a press release.

The loan is repayable on a straight-line basis over 20 years.

The financing was coordinated by Caisse d’Epargne Ile de France as joint mandated arranger and agent, with BRED, Caisse d’Epargne Hauts de France, Caisse Regionale de Credit Agricole Mutuel de Paris et d'Ile de France and Credit Lyonnais acting as joint mandated arrangers.

The gaming operator is based in Boulogne-Billancourt, France.

© 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.