Lagardère SA fully repays its €465 million government-backed loan prior to maturity

In line with its active and prudent financial strategy, Lagardère SA has today repaid in full the €465 million
government-backed loan contracted on 31 December 2020¹.

As previously announced², the repayment was made by using the remaining proceeds of the €500 million bond issue maturing in 2027, which was successfully placed in October 2021.

This repayment takes place at a time when the Group, driven by an excellent performance from Lagardère Publishing and continued improvement in sales at Lagardère Travel Retail, upgraded its 2021 profitability outlook³ and confirmed a solid liquidity position, at €1.9 billion as of 30 September 2021⁴.

¹ See press release of 4 January 2021 “Lagardère secures and strengthens its liquidity position”.
² See press release of 30 September 2021 ” Successful launch of the bond issue ” and of 5 October 2021 “Reduction of the amount of the bond issue due 2023”.
³ See press release of 28 October 2021 “Third quarter 2021 revenues: the Lagardère group steps up the pace of its recovery and confirms its development ambitions”.
⁴ Including €1.1 billion undrawn amount on the revolving credit facility.