Lagardère’s Amendment of its Revolving Credit Facility

Allen & Overy has advised the syndicate of lending banks in connection with the extension and amendment of the Lagardère SA group’s revolving credit facility, while Latham & Watkins advised Lagardère.

The amendment to the group’s syndicated loan agreement particularly concerns the adjustment of the credit facility amount to EUR1.042 billion and the extension of the maturity of the facility from March 2023 to April 2024 for an amount of EUR982 million euros, with the option of an extension until April 2026.

Coordinated by Crédit Agricole CIB, the syndicate of lending banks comprises Banco Santander, Barclays Bank, BNP Paribas, Citibank, Commerzbank, Crédit Agricole CIB, Crédit Agricole d’Ile-de-France, HSBC, ING Bank, J.P. Morgan Chase Bank, Landesbank Baden-Württemberg, LCL, Natixis, Société Générale and UniCredit Bank.

The Allen & Overy team in Paris was led by Thomas Roy (Partner, Banking and Finance), with Jonas Brucker (Associate, Banking and Finance) and Antoine Duez (Legal expert, Banking and Finance).

Involved fees earner: Jonas Brucker – Allen & Overy; Antoine Duez – Allen & Overy; Thomas Roy – Allen & Overy; Florana Benabid – Latham & Watkins; Michel Houdayer – Latham & Watkins; Aurélien Lorenzi – Latham & Watkins;

Law Firms: Allen & Overy; Latham & Watkins;

Clients: Banco Santander Sa; Barclays Bank; BNP Paribas; Citibank; Commerzbank AG; Crédit Agricole Corporate and Investment Bank; Crédit Agricole d’Ile de France; Credit Lyonnais; HSBC; ING Bank; JP Morgan Chase & Co.; Lagardére SCA; Landesbank Baden-Württemberg ; Natixis; Société Générale; UniCredit Bank AG;

Naoual Sadouqi

Author: Naoual Sadouqi