Grand Stade de Lyon: the net proceeds of the bonds offering amount to €78.3 million

The net proceeds of the bonds offering launched on the 30/07/2013 by OL Groupe (the holding company of Olympique Lyonnais) to finance Lyon's new stadium (capacity: 58 000) amount to €78.3m, OL Groupe announced on the 23/08/2013. These funds will be used to finalize the equity funding of €135m granted by Foncière du Montout, 100% subsidiary of OL Groupe.

OL Groupe main shareholders, ICMI (34.17%, holding of OL President Jean-Michel Aulas) and Pathé (29.87%), subscribed to a total of 328,053 and 421,782 bonds, of a nominal value of €100 each.

The funds will "be allocated to finance Olympique Lyonnais’ new stadium as well as to the refinancing of expenses incurred," among which €10m used to repay loans granted by Pathé and ICMI I in view of the pre-financing of part of land acquisition.

• Nominal value of the bonds: €100
• Repayment date: 07/01/2023
• Repayment amount: 45 new or existing shares per bond, subject to adjustments
• Payment at maturity: 20 new or existing shares per bond, subject to adjustments
• This offering was lead-managed by Société Générale Corporate & Investment…