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  OL GROUPE company press release from 18/12/2020

  18/12/2020 - 19:30

OL HAS SIGNED AND SUBSCRIBED TO A EUR 76.4M GOVERNMENT-GUARANTEED LOAN


Lyon, 18 December 2020


Following a preliminary agreement from bank and bond lenders, OL subscribed to a €76.4 million “PGE” (loan guaranteed by the French government) on 18 December 2020, with a maturity of 12 months. At the end of that period, the Group can exercise a 1-5-year amortisation option.


In the context of the current Covid-19 crisis, this new financing will strengthen the Group's available cash and give the Group the flexibility it needs to plan its future development with confidence.


* On 23 July 2020, OL Groupe subscribed to a PGE of €92.6 million, with a maturity of 12 months. At the end of that period, the Group can exercise a 1-5-year amortisation option.


Next press release: Revenue for the first half of 2020/21 on 16 February 2021 after Euronext markets close.
 

 
OL Groupe

Tel.:
+33 4 81 07 55 00
Fax: +33 4 81 07 45 65
 
Email: [email protected]
 
www.ol.fr
 
Euronext Paris - Segment B
 
Indices: CAC Small - CAC Mid & Small – CAC All-Tradable – CAC All-Share – CAC Consumer Discretionary
ISIN code: FR0010428771
Reuters: OLG.PA
Bloomberg: OLG FP
ICB: 5755 Recreational services
 

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  Original Source: OL GROUPE