OL Groupe formalizes the global refinancing of its debt

After announcing at the beginning of November the launch of a refinancing of its debt, OL Groupe formalized the closing of this operation this Thursday, December 7, 2023. The refinancing is being carried out to the tune of €385 million with Goldman Sachs as mandated bank.

She had been one of the reasons of the additional time granted by the DNCG at theOL during his hearing last week. In the budget presented, John Weaver had highlighted the refinancing of OL Groupe’s debt to the tune of €385 million. The financial policeman had requested additional information concerning this operation and in particular its closing. The Lyon management had acceded to these requests and this Thursday, December 7, 2023, the OL Groupe formalized the finalization of this refinancing in a press release. “Following on from the group’s communication of November 8, OL Groupe is pleased to announce the finalization of the refinancing of the majority of its debt and that of its subsidiary Olympique Lyonnais SASU for a total amount of €385 million”.

This refinancing, which was supervised by the Goldman Sachs bank, allows OL Groupe to repay “the outstanding debt linked to the construction of Parc OL, its RCL (Revolving Credit Facility) line and PGE loans contracted with the State at the time of the COVID-19 crisis”. The holding company also specifies that this refinancing of €385 million is based on two new financings for the benefit of Olympique Lyonnais SASU. Fundraising of a total amount “€320M amortizable over 20 years, structured around a dedicated common securitization fund under French law” and additional fundraising of “€65M with five years of maturity from internationally renowned foreign banks”. It is divided into two loans of €32.5 million, one of which is term at a variable rate and is repayable in fine and the other is renewable at a variable rate.