OL Groupe: refinancing of the majority of the debt (€385m) completed

OL Groupe, the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats), has announced "the completion of the refinancing of the majority of its debt and that of its subsidiary Olympique Lyonnais SASU for a total amount of €385m," on 07/12/2023. The transaction was closed on the same day, with the American bank Goldman Sachs acting as "mandated arranger".

"The implementation of this global refinancing has already enabled OL Groupe and its subsidiary to repay the outstanding long-term stadium debt, its RCF line (Revolving Credit Facility) and the PGE loans contracted during the Covid-19 period. Other long-term subordinated debt will be also repaid, including debts contracted with private parties (including Holnest, Jean-Michel Aulas' family office)," said the group.

This €385m refinancing is based on two separate new financings for Olympique Lyonnais SASU:
• "a financing package for a total principal amount of €320m, amortising over twenty years, structured around a dedicated French securitisation vehicle. The securities issued, which are backed by commercial receivables mainly…