COMPAGNIE DES ALPES HAS SET UP A STATE-GUARANTEED LOAN FOR EUR200,000,000.
Paris, 29 June 2020 - Compagnie des Alpes announces it has set up a
State-guaranteed Loan ("PGE" for Prêt Garanti par l''Etat) (1), subscribed by
the Group's historic banking partners, who are participants in its EUR250
million revolving credit facility ("RCF").
This loan is intended to strengthen the Group's liquidity position and its
operating cash requirements caused by the health emergency related to the
This EUR200 million State-guaranteed Loan has an initial term of 12 months; it
may be extended by Compagnie des Alpes Group for a period from one to five
years. It is 90%-guaranteed by the French State.
The loan agreement has been aligned with existing RCF documentation.
In the context of this unprecedented crisis, Compagnie des Alpes Group has
benefited from the support of its banking partners who have reaffirmed their
confidence in it.
Compagnie des Alpes has been advised by Herbert Smith Freehills Paris LLP.
Société Générale acted as coordinator and loan agent and Allen & Overy as
advisor the banks.
* 3rd quarter 2019/2020 revenue:
Thursday, 23 July 2020, after the market close
* Fiscal year 2019/2020 revenue:
Thursday, 22 October 2020, after the market close
* Fiscal year 2019/2020 results:
Tuesday, 8 December 2020, before the market open
(1) The State-guaranteed Loan (PGE, for Prêt Garanti par l''Etat) is a loan
guaranteed by the State in accordance with the Order of 23 March 2020 granting
a State guarantee to credit institutions and finance companies pursuant to
Article 6 of Law No. 2020-289 of 23 March 2020 on Amending Finance 2020, and
the amending orders
Since it was founded in 1989, Compagnie des Alpes has established itself as an
uncontested global leader in the leisure industry. At the helm of 11 of the
world's most prestigious ski resorts (Tignes, Val d'Isère, Les Arcs, La
Plagne, Les Menuires, Les 2 Alpes, Méribel, Serre-Chevalier, etc.) and 12
renowned leisure destinations (Parc Astérix, Grévin, Walibi, Futuroscope,
etc.), the company is steadily expanding in Europe (France, the Netherlands,
Belgium, etc.) and, more recently, at the international level (Grévin
Montréal in 2013, Chaplin's World by Grévin in April 2016, Familypark in
Austria in April 2019, and engineering and management assistance contracts in
China, Russia, Georgia, Kazakhstan, Turkey, Morocco and Japan). CDA also owns
stakes in 4 ski areas, including Chamonix.
During the fiscal year ended 30 September 2019, CDA facilities welcomed more
than 23.5 million visitors and generated consolidated revenue of EUR854
With around 5,000 employees, Compagnie des Alpes works with its partners to
build projects that generate unique experiences, the opposite of a standardised
concept. Exceptional leisure activities for everyone.
CDA is included in the following indices: CAC All-Shares, CAC All-Tradable,
CAC Mid & Small and CAC Small.
ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational services